Key Highlights: Prediction market Kalshi is expanding into financial derivatives by offering perpetual futures contracts tied to stock market exposure. Unlike traditional futures contracts, perpetual futures have no expiration date and rely on periodic funding rates between traders to track the underlying asset index. The move, following an August filing with the Commodity Futures Trading ...
Key Highlights The SEC issued an “Innovation Exemption” two days after the CLARITY legislation failed. The exemption allows certain venues to trade tokenized U.S.-listed stocks onchain through automated market makers and liquidity pools. The SEC and CFTC are easing practical barriers as crypto technology and demand for round-the-clock digital markets continue to grow. SEC and ...
Key Highlights Regulators said Fundsz client funds were never traded and that reported investment returns were fabricated. Investment fraud represented about 49% of total fraud losses in 2025, according to the FBI. Authorities warned that restitution orders do not guarantee victims will recover their full losses. Fundsz Case Highlights Alleged Misrepresentation of Investment Returns According ...
Key Highlights The 6th U.S. Circuit Court of Appeals ruled unanimously that Ohio and Tennessee can enforce state gambling laws against Kalshi’s sports prediction markets, rejecting the platform’s claim that its contracts fall under exclusive federal CFTC jurisdiction. The decision reverses a Tennessee federal district court ruling that had favored Kalshi while upholding an Ohio ...
Key Highlights A federal appeals court ruled that Kalshi’s sports-event contracts are not federally regulated swaps, rejecting the prediction market’s argument that they fall under Commodity Futures Trading Commission jurisdiction. The three-judge panel agreed Kalshi had standing to sue but determined its contracts do not depend on events “associated with a potential financial, economic, or ...
Key Highlights Summer Mersinger is stepping down as CEO of the Blockchain Association effective October 16, just one week after the U.S. Senate failed to advance the Digital Asset Market Clarity Act. Kristin Smith, the association’s founding CEO who led the organization from 2018 until 15 months ago, will return to helm the advocacy group ...
Prediction market platform Kalshi has escalated its legal challenge against the state of Nevada, filing a petition for an en banc rehearing before the Ninth Circuit Court of Appeals. The move comes after a three-judge panel ruled in favor of Nevada, upholding the state regulator’s authority to classify Kalshi’s sports-related event contracts as gambling. Background: ...
George Santos did not attend the event, ultimately betting money on that outcome. In addition to banning him, Kalshi fined Santos more than $70,000 in…
Kalshi, the regulated U.S. prediction-market exchange, has issued its first permanent trading ban, barring former Representative George Santos and fining him more than $70,000 for…
A former White House teleprompter operator has agreed to pay $172,000 to settle allegations that he used advance knowledge of presidential speeches to trade prediction-market…
Connecticut has filed a lawsuit against prediction market operator Kalshi, escalating a nationwide legal battle over whether such platforms can offer sports-related contracts without state gambling licenses. The action, filed Thursday by Attorney General William Tong, alleges that Kalshi’s sports contracts function as traditional sports wagers and violate state consumer protection laws. State Alleges Unlicensed ...
Hyperliquid Policy Center Urges CFTC to Prioritize Perpetual Contracts in Innovation Agenda The Hyperliquid Policy Center (HPC) formally petitioned the Commodity Futures Trading Commission (CFTC) on Thursday, August 27, 2026, urging the regulator to place perpetual contracts at the center of its innovation roadmap. The filing arrives as U.S. traders remain largely excluded from a ...