CFTC has ordered Kalshi to stay open as New York pushes to shut it down as an unlicensed gambling business. The clash is a high-stakes test of whether prediction markets are federally regulated derivatives or just betting with better branding.
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New York is suing Kalshi over its sports prediction markets, calling them illegal gambling, while Kalshi argues federal CFTC registration should shield it from state law. With multiple states and Congress closing in, the fight could decide whether prediction markets scale nationwide or get boxed in.
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A federal judge has temporarily blocked Minnesota’s prediction-market ban, setting up a bigger fight over whether federal commodities law preempts the state’s attempt to treat these contracts like gambling. The ruling helps KalshiEX and Polymarket US for now, but the legal mess is far from over.
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A federal judge has paused Minnesota’s first-in-the-nation prediction market ban before its August 1 start date, giving Kalshi and Polymarket a temporary win as regulators and the industry fight over whether these markets are gambling or federally regulated contracts.
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The CFTC is drawing a hard line: prediction markets may be innovative, but they still fall under anti-fraud and insider-trading rules. In a pointed advisory, the agency warned that using nonpublic information on platforms like KalshiEX can trigger real federal consequences.
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US regulators clear path for blockchain innovation in TradFi U.S. regulators just made two moves that push blockchain deeper into the plumbing of mainstream finance: the SEC approved Paxos Securities Settlement Company as a registered clearing agency and central securities depository, while the CFTC approved KalshiEX to list a BTC-linked perpetual futures contract. Translation: crypto […]
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The CFTC has approved KalshiEX’s Bitcoin perpetual futures product, giving the U.S. its first regulated path into a market long dominated by offshore crypto exchanges. For more on the regulatory backdrop, see CFTC Approves First US Bitcoin Perpetual Futures, Signals Shift to 24/7 Trading. First regulated U.S. Bitcoin perpetual futures approval CFTC backs 24/7 crypto […]
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