Blockchain.com and Binance US are seeking U.S. regulatory approval to offer prediction markets, joining a growing group of cryptocurrency companies looking to expand beyond traditional digital asset trading. According to a Financial Times report published on October 21, Binance US recently applied to the U.S. Commodity Futures Trading Commission (CFTC)
Taiwan has blocked domestic access to Coinbase and Kalshi, with a New Taipei court authorising the country’s communications regulator and internet registry to restrict both platforms. The Criminal Investigation Bureau, which sought the order, cited suspected violations of the Public Officials Election and Recall Act, a law that prohibits operating
Kalshi is in advanced talks to raise approximately $1 billion in fresh capital at a valuation of around $40 billion, an 82% jump from the $22 billion valuation it commanded just three months ago in its May financing round. The deal is expected to close in the coming weeks, with
Kalshi is seeking regulatory approval to offer perpetual futures tied to individual U.S. stocks, including Tesla, Apple and Nvidia, according to The Wall Street Journal. The move would extend the prediction-market platform’s growing derivatives business into single-stock products that are more commonly associated with crypto trading. The company is planning
The Commodity Futures Trading Commission (CFTC)is seeking a dismissal of the lawsuit filed by CME Group against Kalshi’s Bitcoin perpetual futures in a federal court. The Commission asserts that CME does not have standing because the Commission has failed to demonstrate any actual competitive injury caused by its approval of
The legal tussle involving Kalshi against state regulators has reached yet another significant stage following the dismissal of the latest legal challenge by the appeals court. The ruling handed down on August 28 was unanimous that Kalshi had failed to prove that Nevada’s rules for sports contracts were likely to
The CFTC invoked emergency powers to keep Kalshi operating amid its legal dispute with New York. The commission classified New York’s enforcement action and temporary restraining order request as a market emergency. It directed Kalshi to continue operations under the Commodity Exchange Act and its Core Principles. New York seeks
The largest prediction market platform, Polymarket, is not a place where people bet on elections anymore. The platform is making a deliberate push toward institutional territory. On July 3, Polymarket filed an application through its affiliate, Coming Home GBA LLC, to operate as a futures commission merchant with the National
Kalshi’s recent move into perpetual futures is making waves across the derivatives market. In just two weeks, the prediction market platform’s recently introduced perpetual contracts produced over $5.5 billion in trading volume. It demonstrates the robust demand for regulated derivatives connected to cryptocurrencies in the US. For the business, which
In Kalshi’s legal battle with Ohio, the US Commodity Futures Trading Commission has lent its support, requesting that an appeals court confirm that the commission has authority over prediction markets. On Tuesday, the CFTC submitted an amicus brief to the Sixth Circuit Court of Appeals, accusing Ohio of engaging in
