Tensions Flare as CME, Kalshi Execs Clash Over Prediction Markets in DC
In brief CME Group Chairman Terry Duffy and Kalshi co-founder Luana Lopes Lara clashed during a CFTC roundtable in Washington, D.C. Duffy singled out Kalshi...
Tag : Markets
Bitcoin's Sharpest Rally in Five Months Flips Markets From Bearish to Coin Flip
In brief Bitcoin jumped as much as 8.7% Wednesday to an intraday high of $69,749, its steepest one-day move since March 4 and its highest...
Kalshi Pushes Beyond Prediction Markets With Copper Perpetual Futures
In brief Kalshi filed with the CFTC to launch a perpetual futures contract tied to copper prices. The proposed contract would use Pyth Network price...
Strategy Just Stopped Bitcoin News: Is the Market’s Biggest Corporate Bid Gone for Good?
In the latest Bitcoin news, Strategy held its bitcoin position flat at 840,447 BTC through the week ended Aug. 16, according to a Form 8-K...
Markets Confident OpenAI Releases Its Next AI Model in Weeks
In brief OpenAI said Aug. 7 it slowed Astra’s rollout after internal tests showed cyber capabilities it can’t rule out as “Critical”. Prediction market traders...
The CLARITY Act won’t move markets. It will move people.
Forget short-term price charts – Washington’s digital asset framework is the legal authorization that conservative wealth managers have been waiting for before they can put...
Prediction Markets Give the Fed 74% Odds of Standing Pat in September
In brief Polymarket is pricing in a 74% chance of no change at the next Fed meeting, and just 25% on a quarter-point hike. Kalshi’s...
Kalshi ordered to stop broad range of prediction markets in Washington
Kalshi must implement initial geofencing by Aug. 19 and a GeoComply multi-source geofencing system by Sept. 2. A Washington state judge has ordered prediction market...
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...
City of Baltimore goes after prediction markets for sports betting
The City of Baltimore and its mayor, Brendan Scott, filed lawsuits against Kalshi and Polymarket over allegations that the companies violated local gambling laws. In...