The U.S. CFTC proposes new rules defining event contracts as swaps, potentially countering state gambling claims against prediction markets like Kalshi, with implications for ongoing lawsuits. #Update #Legal $BTC $ETH
The CFTC is reviewing prediction market incentive programs, with action expected this week. Concerns include “risk-free” trades and unlimited rebates. Companies like @Kalshi and @Polymarket may be impacted. #Update #Legal
NCPG Executive Director Heather Maurer resigns amid controversy over $2M Kalshi donation; Michigan and Ohio regulators withdraw support. #Breaking #Legal
Kalshi is negotiating a $1B raise at a $40B valuation, with Sequoia and Wellington leading amid regulatory challenges. #Update #Finance
Rep. Comer demands trading records from @Hyperliquid, @cryptocom, and Predictit amid insider trading probe involving $150M profit from a $1.1B short. #Breaking #Legal
Kalshi’s Bitcoin $100K-in-2026 contract fluctuated from 17% to 43%, now at 34%. Polymarket’s similar contract is at 34.5%, with March 2027 near 50%. #Update #Crypto $BTC
The Sixth Circuit ruled against @Kalshi, allowing Ohio and Tennessee to enforce gambling laws on its prediction markets. Pending Maryland decision in Fourth Circuit. #Update #Legal
Polymarket traders give $ETH a 70% chance to hit $3,000 with $16.12M volume; $SOL and $ZEC targets show mixed odds. #Update #Crypto $ETH
New York Attorney General Letitia James and Governor Kathy Hochul sue @PolymarketUS for alleged illegal gambling, seeking to halt operations and impose fines. #Breaking #Legal
Another appeals court ruled against @Kalshi, stating its sports contracts fall under state regulations, not federally regulated swaps. This impacts competition with state gambling platforms. #Update #Legal
All 11 Democrats on the U.S. Senate Banking Committee request a public hearing on prediction markets, citing oversight responsibilities after a private GOP meeting with Kalshi CEO. #Update #Legal
The CFTC is reviewing Kalshi’s ether perpetual trades, with $5.5 billion in near-identical trades raising scrutiny. Kalshi denies wash trading, attributing patterns to market makers’ orders.
@Kalshi asserts it is not under investigation by the CFTC despite scrutiny over trading patterns and significant volume on its ether perpetual contracts. #Update #Crypto $ETH
U.S. Commodity Futures Trading Commission warns that “mention markets” on prediction platforms like @Kalshi and @Polymarket may be vulnerable to manipulation, limiting event contract approvals. #Update #Legal
