Judge says CFTC exceeded its authority halting Kalshi election bets
According to Judge Jia Cobb, having Kalshi offer contracts on “whether a chamber of Congress will be controlled by a specific party in a given term” was not unlawful.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
According to Judge Jia Cobb, having Kalshi offer contracts on “whether a chamber of Congress will be controlled by a specific party in a given term” was not unlawful.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
SEC reviews more than 24 ETFs that could bring election betting to brokerage accounts
More than 24 prediction market ETFs proposed by Roundhill, Bitwise, and GraniteShares remain in regulatory limbo, with the SEC yet...
North Carolina Bill Recognizes CFTC's ‘Federal Regulatory Authority’ Over Prediction Markets
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...
Polymarket Files for US Margin Trading, Chasing Kalshi Into Leveraged Prediction Markets
Polymarket has filed to offer margin trading in the United States, a step that could eventually let traders on the prediction mark...
XRP Price Prediction: Judge in XRP Ruling Delivers Fresh Blow
Federal Judge Analisa Torres, the architect of XRP’s landmark 2023 securities ruling, has handed down another closely watched deci...
Kalshi’s court loss shows federal approval may still leave prediction markets fenced off by states
A New York federal court has returned prediction-market access to state hands just weeks before the CFTC closes comments on nation...
Bitcoin’s $10 billion credit market keeps growing after its first major selloff
Bitcoin’s more than $10 billion corporate credit market is still attracting new entrants after a June selloff triggered margin cal...