ARLINGTON, Va. — The CEO of Kalshi, the company at the center of a high-profile legal battle over the future of prediction markets in the U.S., said the clash won’t ultimately decide whether the rapidly growing industry is overseen by states or a federal agency,… Read More
The activity had already drawn attention from Beni, a co-founder of research firm Stealth Neolab, who said Kalshi’s ether perpetual recorded about $539 million in 24-hour volume against just $3.1 million in open interest. He later found that trades of exactly $5,500 made up 48%… Read More
This latest U.S. appeals court ruling sets up a rift between federal courts on event contracts, suggesting the U.S. Supreme Court may need to settle the matter.
The courtroom combat across state and federal courts is so far producing roughly split outcomes, suggesting a big job may be coming for the Supreme Court.
Washington state is cut off for Kalshi customers while the company combats the development in court and its federal regulator keeps pursuing new rules.
The U.S. Commodity Futures Trading Commission threw itself in between Michigan courts and prediction market firm Kalshi on Tuesday, issuing an order to disallow the company from meeting a local court demand that it cancel previous customer transactions. The CFTC move amplifies its legal fight… Read More
