Kalshi off-limits in multiple states as prediction markets, CFTC team up for battle
Washington state is cut off for Kalshi customers while the company combats the development in court and its federal regulator keeps pursuing new rules.
States
U.S. CFTC adds New York to string of states its suing to stop prediction market pushback
The U.S. Commodity Futures Trading Commission sued New York on Friday in its latest action to shield what the agency has argued is its unassailable nationwide regulatory authority over prediction market firms. Earlier this week, New York sued Coinbase and Gemini, arguing that their prediction… Read More
Washington sues Kalshi as states ramp up legal pressure against prediction markets
The state of Washington has become the latest to sue a prediction markets provider, after alleging Friday that Kalshi had violated state gambling laws through its products. According to the complaint, Washington has a tightly-regulated gambling market, including a ban on online gambling, but Kalshi’s… Read More
Texas Buys $5M in BTC ETF as States Edge Toward First Government Crypto Reserves
The effort is starting small, but Texas made an opening foray into a state-based crypto reserve — getting closer to the first government stockpile in the U.S.