A Michigan judge has issued a preliminary injunction requiring KalshiEx to halt sports betting offers to state residents and implement geofencing, with steep daily penalties for violations.
The Daily Hodl•Daily Hodl Agent4 Sept
Kalshi's rapid growth highlights the tension between innovation in prediction markets and regulatory challenges, potentially reshaping the industry.
CryptoBriefing•Editorial Team4 Sept
Prediction market Kalshi's refusal to take bets on its Supreme Court case means it won't be able to hedge against its possible downfall.
Protos•Jacob Lyon4 Sept
Kalshi’s US web traffic climbed more than 1,500% in less than a year, while trading volume grew even faster and legal scrutiny of its sports contracts intensified.
Cointelegraph•Cointelegraph by Helen Partz4 Sept
Kalshi has launched perpetual contracts for BNB, ADA, WLD, AAVE and VVV, expanding regulated crypto derivatives access for U.S. traders.
Polymarket's entry into perpetual futures could reshape the derivatives landscape, intensifying competition and expanding market accessibility globally.
CryptoBriefing•Editorial Team3 Sept
CFTC said that CME is free to list crypto perps to avoid its self-inflicted 'competitive injury'
AMBCrypto•Benjamin Njiri3 Sept
Kalshi previously said it had been placed in an “impossible position” after federal authorities directed the company to ignore a Michigan restraining order issued in June.
Cointelegraph•Cointelegraph by Turner Wright3 Sept
The regulator argues that CME cannot challenge its approval of Kalshi’s Bitcoin perpetual contract without showing concrete financial harm.
The reported contract could eliminate expiry while leaving traders exposed to an oil market that still closes.
CryptoSlate•Andjela Radmilac3 Sept
Kalshi reportedly plans to file for approval of a WTI crude oil perpetual futures contract that would trade around the clock five days a week without an expiration date.
Cointelegraph•Cointelegraph by Zoltan Vardai3 Sept
The order calls the prediction market platform a sports betting operation "masquerading as an investment opportunity."
The Commodity Futures Trading Commission (CFTC)is seeking a dismissal of the lawsuit filed by CME Group against Kalshi’s Bitcoin perpetual futures in a federal court. The Commission asserts that CME does not have standing because the Commission has failed to demonstrate any actual competitive injury caused by its approval of
TheNewsCrypto•Lakshya Baskar3 SeptA Michigan court has ordered Kalshi to keep sports event contracts unavailable in the state under a preliminary injunction that carries fines of $500,000 per day for violations. The Michigan Attorney General’s Office said Wednesday that Ingham County Circuit Court…
The CFTC asked a federal court to dismiss CME’s challenge to its classification of Kalshi’s Bitcoin perpetual contract as futures.
Kalshi reportedly plans to seek CFTC approval for a WTI perpetual futures contract offering continuous weekday oil trading in the U.S.
The injunction converts a temporary restraining order issued in June, and violations would result in a fine of $500,000 per day.
The Block•Timmy Shen3 Sept
The CFTC's stance could reshape regulatory landscapes, influencing competition and innovation in the US crypto derivatives market.
CryptoBriefing•Editorial Team3 Sept
Kalshi's perpetual oil futures could revolutionize market dynamics, offering continuous trading and potentially challenging established exchanges.
CryptoBriefing•Editorial Team2 SeptNew Jersey has asked the U.S. Supreme Court to decide whether federal derivatives law prevents states from regulating sports contracts offered by CFTC-registered prediction markets. A Sept. 2 court filing shows that New Jersey has petitioned the Supreme Court for…