The CFTC is exercising emergency authority to order KalshiEX to continue operating its prediction market platform across the country following New York's lawsuit seeking a nationwide shutdown and over $36 billion in damages.
The Daily Hodl•Daily Hodl Agent12 Aug
Kalshi's integration with DoubleZero enhances institutional trading efficiency, potentially elevating prediction markets' credibility and appeal.
CryptoBriefing•Editorial Team12 Aug
The service gives trading firms access to Kalshi’s sports and crypto order books over DoubleZero’s fiber network.
The move gives institutional traders direct access to Level 1 and Level 2 data without having to reconstruct the book from APIs.
The Block•Daniel Kuhn12 Aug
Kalshi launched access to its sports and crypto perpetual data feed through DoubleZero’s dedicated fiber network to bolster institutional data access.
Cointelegraph•Cointelegraph by Zoltan Vardai12 Aug
The CFTC gave the order after Kalshi told the the regulator that a New York state lawsuit is causing a "market emergency."
Protos•Jacob Lyon12 Aug
The New York City Council has opened an investigation into the marketing practices of four prediction market platforms, including Polymarket, Kalshi, Coinbase and Gemini Titan, over allegations that event-contract firms may use deceptive advertising to attract consumers. The office of…
The CFTC keeps going to bat for Kalshi while the ultimate prediction market court battle looms, with the fate of the sector in the balance.
The CFTC invoked emergency powers to keep Kalshi operating amid its legal dispute with New York. The commission classified New York’s enforcement action and temporary restraining order request as a market emergency. It directed Kalshi to continue operations under the Commodity Exchange Act and its Core Principles. New York seeks
TheNewsCrypto•Lakshya Baskar12 Aug
CoinDesk•Olivier Acuna12 Aug
The case highlights the ongoing challenges prediction markets face in balancing innovation with legal and ethical use of third-party data.
CryptoBriefing•Editorial Team12 Aug
Kalshi puts the Democratic House majority at 84%. Maxine Waters, Shontel Brown, and Elizabeth Warren would control the committees that write crypto law. The industry’s legislative window may be closing faster than its lobbyists admit. The crypto industry spent the…
FlightAware has voluntarily dismissed its lawsuit against prediction market operator Kalshi just one day after accusing the company of improperly using its flight data and trademark for cancellation contracts. According to a Tuesday filing with the U.S. District Court for…
Kalshi triggered the order, notifying the agency of a market emergency after New York moved to bar its contracts nationwide.
The CFTC used emergency authority to override New York. Nine states have been sued. FlightAware added a data rights claim. The legal architecture of prediction markets is being built in courtrooms, not in Congress. The Commodity Futures Trading Commission does…
The flight tracker previously claimed that Kalshi improperly used its data and trademark to run prediction markets on flight cancellations.
The Block•Timmy Shen12 Aug
CFTC invokes emergency powers to keep Kalshi operating as New York seeks at least $36 billion and broad restrictions on event contracts.
The order escalates a jurisdictional fight over whether states may treat federally regulated event contracts as illegal gambling.
Cointelegraph•Cointelegraph by Ezra Reguerra12 Aug
A federal judge denied Kalshi’s request for a preliminary injunction against Connecticut regulators, holding that its sports-event contracts are not swaps under the Commodity Exchange Act, so the CFTC’s exclusive jurisdiction never attached. Coinbase Financial Markets lost a companion motion on the same reasoning despite never having received a cease-and-desist. Not Swaps, and Not Preempted […]
Bitcoin.com News•Luci Kelemen11 Aug
The CFTC flexed its emergency authority and ordered Kalshi to keep operating after the platform was sued last month in New York.
The Block•Sarah Wynn11 Aug