The American legal tradition of federalism, balancing state authority with federal control, is being tested by a new frontier: online prediction markets. …
Kalshi
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A New Jersey regulator has ordered Kalshi and Robinhood to stop offering prediction markets based on sporting events to New Jersey locals. …
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Analysis
Trading Giant Robinhood Launches New Prediction Markets Hub Using Kalshi
by shayaanby shayaanRobinhood trading app is introducing a new prediction markets hub, expanding its financial services portfolio. Developed in partnership with regulated exchange Kalshi …
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Regulation
Trump Jr-backed predictions market, Kalshi receives Nevada gaming board notice
by shayaanby shayaanNevada has just become the first state in the US to challenge the rapid rise of sports-based “event contracts” offered by platforms …
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Regulation
CFTC Investigates Crypto.com and Kalshi for Super Bowl Event Contracts
by shayaanby shayaanThe U.S. Commodity Futures Trading Commission (CFTC) has pushed back against Super Bowl event contracts launched by the exchange Crypto.com and the …
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Scams
Donald Trump Jr. Joins Prediction Market Kalshi Ahead of Dad’s Inauguration
by shayaanby shayaanDonald Trump Jr. joined prediction market operator Kalshi as an advisor Monday, deepening the company’s embrace of U.S. politics. The president-elect’s son …
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Regulation
Crypto Hawk Rostin Behnam Steps Down As CFTC Chair Amid Failing Kalshi Lawsuit
by shayaanby shayaanCommodities Futures Trading Commission (CFTC) Chairman Rostin Behnam will step down on January 20, 2025, amid an unresolved lawsuit against retail betting …
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Adoption
Bitcoin advocate Pierre Poilievre leads as Canada’s next PM on Polymarket but lags on Kalshi
by shayaanby shayaanPierre Poilievre, a Bitcoin advocate and the leader of Canada’s Conservative Party, has become the frontrunner to become the country’s next Prime …
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Regulation
Only Congress Can Ban Election Betting, Kalshi Tells Appeals Court in New Filing
by shayaanby shayaanThe U.S. Commodity Futures Trading Commission (CFTC) may not like election betting, but only Congress — not the regulator — has the …