Polymarket Gains CFTC Approval, Kalshi Faces Nevada Block
- Polymarket received approval from the CFTC to operate in the U.S., reversing a previous ban.
- Kalshi was blocked in Nevada after a judge lifted an injunction, requiring a gaming license for sports markets.
- Texas initiated its Bitcoin reserve by purchasing $5M of BlackRock’s IBIT ETF.
- MON token surged by another 24%, reaching a $4.8B fully diluted valuation.
Polymarket’s CFTC approval marks a significant shift, allowing it to legally engage with U.S. users through regulated channels, while Kalshi faces new challenges as Nevada imposes restrictions on its operations without a gaming license.
This development highlights contrasting regulatory landscapes for prediction markets in the U.S., with Polymarket advancing federally and Kalshi encountering state-level hurdles in Nevada. (Source)
