Regulators argued that prediction market contracts fall under the exclusive jurisdiction of the CFTC and requested a temporary restraining order to halt the Arizona court’s prosecution of Kalshi.
The CFTC has confirmed that insider trading laws apply to prediction markets and vowed to go after those who trade on misappropriated information.
The NFL reportedly sent letters to prediction market companies, objecting to the platforms listing types of event contracts that could be easily manipulated by a single person.
Cathie Wood’s ARK Invest will use Kalshi’s prediction market data to guide its investment decisions to gauge real-time expectations and monitor market KPIs.
BitGo and Susquehanna Crypto introduce OTC access to prediction markets for institutions using crypto collateral, as US regulators ramp up pressure on the sector.
Kalshi has followed Polymarket with trading guardrails to ban insider trading, the same day a pair of bipartisan lawmakers introduced legislation to restrict prediction markets.
Senators are reportedly set to introduce the first bipartisan bill targeting sports betting on CFTC-regulated prediction markets like Polymarket and Kalshi.
A Nevada judge has blocked Kalshi’s most popular event contracts in the state for 14 days after a federal appeals court decision allowed state authorities to take action against the...
