Kalshi Faces Serious Trouble as CFTC Threatens Possible Enforcement Action
Key Highlights: Kalshi is under investigation as regulators examine prediction-market oversight and product self-certification. Kalshi and Polymarket have reported valuations of $40 billion and $21 billion, respectively, following rapid industry growth. Galaxy Research found that more than 69% of 2.9 million human-paced Polymarket accounts finished below break-even, with traders recording $338.9 million in collective losses. ...