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Business
January 14, 2025
Donald Trump Jr. Becomes Kalshi’s Strategic Adviser
Donald Trump Jr., the President-elect’s son, has taken on a role as a strategic adviser at Kalshi, a platform for prediction markets. This step highlights the increasing importance of political betting markets in the US following Kalshi’s legal victory that paved the way for betting on election outcomes. Kalshi Secures Trump Jr. Partnership Amid Legal […]
Industry
January 2, 2025
Prediction Markets Put on Notice Not to Accept Contracts on Crimes
Kalshi, one of the most ambitious and forward-thinking platforms that fought and won a legal battle to allow future contracts on the outcome of the United States presidential election, was put on notice by the federal government, and the US Commodity Futures Trading Commission (CFTC), to not offer markets that breach regulatory statures. Regulated by […]
Legal
December 10, 2024
CFTC’s Tensions with Kalshi Escalate amid Legal Battle
The US Commodity Futures Trading Commission (CFTC) is locked in an increasingly contentious battle with Kalshi, a prediction marketplace allowing users to trade event-based futures contracts ranging from the traditional to the bizarre. The dispute, centered on the legality and oversight of Kalshi’s offerings, has escalated in the wake of a September court decision allowing […]
