Kalshi’s crypto perpetuals spark debate over whether they’re futures or swaps
A clash between derivatives veterans is exposing a deeper discussion over how U.S. regulators should classify crypto perpetual contracts.
Kalshi
Former SEC, CFTC Chair Gary Gensler argues that prediction markets don’t overrule state regulations
The former regulator joined a number of interest groups in arguing that prediction markets are overstepping their bounds by offering sports-related contracts.
Congress hits Polymarket and Kalshi with a massive insider trading probe
Rep. James Comer is demanding internal records from the prediction market CEOs, warning that government employees could be using classified information to make “huge profits”.
India cracks down on prediction markets: Polymarket goes dark, Kalshi could be next
Polymarket has gone dark in India and as per local media reports, Kalshi could be next.
CFTC Chair Mike Selig argues for agency’s ‘exclusive regulatory authority’ in prediction markets fight: State of Crypto
Selig said states do not have the ability to police prediction market providers, echoing his agency’s stance as it pursues court cases to cement its authority.
Polymarket set to earn around $1 million a day with upcoming fee structure
Polymarket is poised to earn approximately $800,000 to $1 million per day once its new taker fee parameters take effect … Continue reading
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Arizona Attorney General files criminal charges against prediction market Kalshi
Kris Mayes filed 20 criminal counts against the prediction market operator, escalating a multi-state legal clash over sports and election predictions markets.
Kalshi, Polymarket seeking $20 billion valuations in fundraising talks: WSJ
Kalshi, approved by the Commodity Futures Trading Commission, was last valued at $11 billion, while Polymarket was valued at $9 billion.
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.
Trump’s CFTC Head Slams Prediction Markets Resistance Under Predecessor
Caroline Pham, the agency’s acting chairman, is scheduling an experts roundtable to reset the CFTC’s course on this “sinkhole of legal uncertainty.”