Trump’s CFTC Pick Says U.S. Can Boost Crypto Innovation and Shield Consumers
Brian Quintenz told senators at his confirmation hearing for CFTC chairman that Congress needs to ensure “full promise” of digital assets’ potential.
Binary trading platforms with better performance and payouts
Kalshi
Brian Quintenz told senators at his confirmation hearing for CFTC chairman that Congress needs to ensure “full promise” of digital assets’ potential.
Caroline Pham, the agency’s acting chairman, is scheduling an experts roundtable to reset the CFTC’s course on this “sinkhole of legal uncertainty.”
The U.S. Commodity Futures Trading Commission is said to be seeking information about customers’ interactions with the prediction market site Polymarket.
The U.S. Commodity Futures Trading Commission (CFTC) may not like election betting, but only Congress — not the regulator — has the authority to ban it, embattled prediction market purveyor Kalshi argued in a Friday court filing.
How will Polymarket and Kalshi resolve their presidential bets if there’s another Jan. 6 or Bush v. Gore situation?
Initially, Kalshi’s feeds will power perpetual futures contracts on decentralized exchanges. Eventually, the centralized betting platform might referee on-chain prediction markets.
Better Markets is using Polymarket’s “French connection” as ammo against the prediction market’s regulated competitor.
In just three weeks, Kalshi’s presidential prediction market has passed $30M in volume. It still trails Polymarket’s $2 billion.
A federal judge “erred” in letting prediction market purveyor Kalshi list and trade election contracts, attorneys for the U.S. Commodity Futures Trading Commission argued in a brief to an appellate court Wednesday, reiterating many of the arguments it made during its case before the lower court.
A note from Kalshi’s market research team suggests the prediction market – polls gap can be explained by Harris’ sliding popularity with key demographics.