Kalshi, a CFTC-regulated prediction market, has partnered with crypto platform Zero Hash to streamline account funding using USDC. Zero Hash and Kalshi Collaborate on New Account Funding Solution Kalshi, a prediction market regulated by the Commodity Futures Trading Commission (CFTC), is collaborating with Zero Hash to offer streamlined account funding for its users. Through this…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 The U.S. Commodities Futures Trading Commission (CFTC) is challenging a court decision that allowed Kalshi, a prediction market platform, to offer betting contracts on political events. On October 16, the CFTC filed an appeal to the Washington, DC Court of Appeals, arguing that the lower court “erred at every…
The decentralized prediction platform Polymarket has surpassed $2 billion in total volume for the upcoming 2024 US presidential election. As of now, Republican candidate Donald Trump holds a commanding 61.3% chance of winning, with over $605 million in volume and $267 million wagered, according to Polymarket’s data. In contrast, Democratic candidate and current Vice President…
This week, the U.S. Court of Appeals for the District of Columbia Circuit has ruled in favor of the predictions market Kalshi, allowing the commodities exchange to offer event contracts based on the outcome of U.S. congressional elections. Circuit Judge Millett’s opinion supports the legality of the contracts, dismissing claims of gaming or election gambling….
🚀 Stay Ahead with AltcoinDaily.co! 🌐 The U.S. Commodity Futures Trading Commission (CFTC) has raised concerns about the susceptibility of prediction markets to manipulation, citing recent incidents as evidence in its ongoing case against U.S.-based predictions platform Kalshi. In a filing dated September 14, the regulator warned that prediction markets could fall prey to “spectacular…
The US Commodity Futures Trading Commission (CFTC) has recently achieved an administrative stay on Kalshi’s US election trading. This decision was made by the Court of Appeals, which stopped Kalshi’s election markets less than 24 hours after they launched. This decision came after another District Court ruling that was in favor of Kalshi. It stated…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Kalshi, the U.S.-based prediction market platform, is locked in a legal battle that may define its future, hinging on its ability to list election betting contracts in time for the U.S. elections on November 5. The company recently celebrated a court victory, but the fight is far from over…
A federal judge this week sided with the prediction market Kalshi’s motion for summary judgment in its legal battle with the U.S. Commodity Futures Trading Commission (CFTC). This decision opens the door for U.S. citizens to place bets on the upcoming November election. However, the ruling isn’t the final word just yet, as the CFTC…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 The United States Commodity Futures Trading Commission (CFTC) has filed an emergency motion to prevent Kalshi, a U.S. prediction market platform, from launching election betting contracts. This urgent request follows a court ruling that overturned a previous order blocking Kalshi from offering such contracts. In a September 6 court…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 A United States judge has ruled in favor of Kalshi, a platform known for offering derivatives tied to real-world events. This ruling allows Kalshi to introduce derivatives contracts for betting on the results of the upcoming U.S. elections, scheduled for November 2024. The decision effectively overturned a previous order…