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
Kalshi must lock out state users after major court loss
The Sixth Circuit ruled Sept. 25 that Ohio and Tennessee can apply their gambling laws to Kalshi's sports contracts. The court rej...
Kalshi Loses Again as Sixth Circuit Says States Can Police Its Sports Contracts
Prediction markets like Kalshi have argued that because the Commodity Futures Trading Commission regulates their exchanges, state...
Crypto Investors Can Now Buy Into Cathie Wood’s Fund Holding SpaceX, OpenAI and Kalshi
Cathie Wood’s ARK Invest and tokenization firm Securitize announced on Sept. 24 that they have tokenized the ARK Venture Fund (ARK...
CFTC Staff Let Futures Brokers Invest Customer Funds in Tokenized Assets, Keep Records Onchain
Futures brokers and clearinghouses regulated by the Commodity Futures Trading Commission can invest customer money in tokenized ve...
Bitfinex reports massive surge in ETH short positions as bearish bets pile up
The surge in ETH short positions on Bitfinex could lead to heightened market volatility, potentially triggering a significant shor...
Kalshi Says XRP Price Can Hit $1.70 in September
Kalshi’s September XRP market is flashing a $1.70 forecast, yet the $1.70 contract trades at just 32 cents with XRP near $1.55 and...