CFTC Orders Kalshi to Honor Trades a Michigan Court Told It to Cancel, Escalating a State Jurisdiction Fight
The Commodity Futures Trading Commission inserted itself between Michigan’s courts and prediction market firm Kalshi on Tuesday, o...
Company
Company coverage across DigitalMoneyBox source monitoring and market reporting.
The Commodity Futures Trading Commission inserted itself between Michigan’s courts and prediction market firm Kalshi on Tuesday, o...
“We are disappointed by this decision and believe it is unfair to Kalshi,” the company’s legal counsel said on X.
The CFTC's stance underscores federal authority over state interference, potentially shaping future regulatory frameworks for pred...
The federal derivatives regulator, which oversees trading at Kalshi, argued it was inappropriate for Michigan to "bully" the firm...
Jurisdiction over prediction market platforms is an ongoing dispute between the CFTC and multiple state regulators.
Kalshi's GPU futures market enables AI firms to hedge compute costs, impacting investment strategies and highlighting infrastructu...
Recent public statements from Atkins, Trump, and Senator Bill Hagerty have highlighted the CLARITY Act as a key step toward streng...
Bitcoin Magazine Bitwise Sees a Bottom in Bitcoin’s Worst Vibes Yet: ‘Darkest Before the Dawn’ Bitcoin closed the second quarter o...
Kalshi's platform could reshape US trading by offering regulated perpetual futures, attracting institutional investors and boostin...
More than 24 prediction market ETFs proposed by Roundhill, Bitwise, and GraniteShares remain in regulatory limbo, with the SEC yet...
On July 9, Phantom and the Hyperliquid Policy Center urged the CFTC to remove rules they say “unduly impede” fintech firms from wo...
Polymarket has filed to offer margin trading in the United States, a step that could eventually let traders on the prediction mark...
The state's budget law leaves oversight of Kalshi and Polymarket to the CFTC and taxes them at 6%, far below what other states are...
Federal Judge Analisa Torres, the architect of XRP’s landmark 2023 securities ruling, has handed down another closely watched deci...
Kalshi's accurate rate forecasts could signal significant shifts in crypto market dynamics, urging investors to reassess risk stra...
A New York federal court has returned prediction-market access to state hands just weeks before the CFTC closes comments on nation...
Key Takeaways: In New York, Judge Analisa Torres granted denial to Kalshi’s request for a preliminary injunction. The court ruled...
Kalshi's legal setback in New York highlights the complex interplay between state and federal regulations, impacting prediction ma...