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Kalshi
Trump's CFTC Head Slams Prediction Markets Resistance Under Predecessor
Caroline Pham, the agency's acting chairman, is scheduling an experts roundtable to reset the CFTC's course on this "sinkhole of legal uncertainty."
Polymarket's Customer Data Sought by CFTC Subpoena of Coinbase, Source Says
The U.S. Commodity Futures Trading Commission is said to be seeking information about customers' interactions with the prediction market site Polymarket.
The Dark Side of Crypto
HTX, the crypto exchange advised by Justin Sun, recently redeemed over 5100 wrapped bitcoins worth about $500 million, though HTX’s proof-of-reserves don’t include any WBTC at all. Plus, the mudslinging between Polymarket and Kalshi, and Pump.fun disabled its livestream feature amid disturbing shock videos. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.
Only Congress Can Ban Election Betting, Kalshi Tells Appeals Court in New Filing
Kalshi blasted the regulator’s attempt to create a “Goldilocks” definition of gaming that would include elections as “arbitrary, outcome-driven gerrymandering with no basis in the statute," in its ongoing defense against the CFTC's move to ban its prediction markets.
Polymarket Trader Loses Millions on Tyson After Making Bank on Trump
Plus: the market is not confident if Matt Gaetz will be confirmed as Trump's attorney general.
If U.S. Election Is Disputed, Prediction Markets Could Face 'Hornet's Nest'
How will Polymarket and Kalshi resolve their presidential contracts if there's another Jan. 6 or Bush v. Gore situation?
Prediction Market Kalshi to Supply Price Data for Crypto Oracle Stork
Separately, Kalshi has also begun accepting deposits of the USDC stablecoin, Fortune reported.
Activist Group Says Kalshi’s Election Market Should Be Shut Due to 'Manipulative' Whales
Better Markets is using Polymarket's "French connection" as ammo against the prediction market's regulated competitor.
U.S. Election Betting: Kalshi's Polymarket Rival Quickly Gets Traction
In just three weeks, Kalshi's presidential prediction market has passed $30M in volume. It still trails the $2 billion traded on Polymarket since January.
U.S. Election Betting: Federal Court 'Erred' in Letting Kalshi Launch Prediction Markets, CFTC Says
The regulator filed its opening brief in its appeals case to tamp down on political event contracts.
