Kalshi Ordered to Block Washington Bets Days After CFTC Backed It
In brief A Washington judge has ordered Kalshi to stop offering wagers on sports, elections, politics, entertainment, culture, tech and science, and “mentions” in the...
Tag : bets
CFTC probes mention markets as Kalshi pulls sports bets
The Commodity Futures Trading Commission is reviewing prediction market “mention markets” over concerns that contracts tied to specific spoken words may be unusually easy to...
Bitcoin ETFs Draw $854M Over Five Days as Rate-Hike Bets Fade
In brief U.S. spot Bitcoin ETFs recorded five straight sessions of net inflows last week, totaling $853.5 million, according to SoSoValue. Around $690 million of...
CFTC Polymarket case paused over soldier’s $400K bets
A federal judge has paused the CFTC’s civil case against a US Army soldier accused of using classified information to earn more than $400,000 from...
Judge stays CFTC’s case against US soldier over prediction market bets
A New York judge granted a motion filed by US prosecutors in July to stay the CFTC’s civil case against Gannon Ken Van Dyke over...
Bitcoin price tags $65.3K August high as low US jobs numbers cool Fed rate bets
Bitcoin (BTC) hit new August highs into Friday’s Wall Street open as markets reacted to weaker US jobs numbers. Key points: Crypto and risk assets...
Senators Push CFTC to Ban Wildfire Bets on Prediction Markets
In brief Nine Democratic senators urged the CFTC to prohibit prediction market contracts tied to wildfires. Lawmakers said the markets could create incentives for arson,...
Jump Capital bets on enterprise AI with new $350M Fund VIII
Jump Capital has closed its eighth institutional fund with $350 million in capital commitments, with the new vehicle dedicated to backing founders building AI applications,...
Trump teleprompter operator accused over Kalshi bets leaves government: AP
Gabriel Perez, who was accused of profiting from Kalshi bets tied to President Donald Trump’s speeches, is no longer employed by the federal government. A...
Bitcoin price retreats below $66K as Trump’s Iran threat reignites Fed rate hike bets
Bitcoin price has fallen more than 1% below $66,000 as renewed U.S.-Iran threats have lifted oil prices and increased expectations for another Federal Reserve rate...