Last Update: 04/24/2024 On November 1, 2023, Kalshi sued the U.S. Commodity Futures Trading Commission (CFTC) for rejecting its proposed contracts for partisan control of Congress. Below is a timeline of Kalshi’s attempts to offer election markets with respective media coverage followed by the case docket. Click on the document number to view a PDF […]
Kalshi Legal Case Information Read More »
Kalshi is the first federally regulated exchange for event contracts. Incorporated as a Delaware LLC on December 10, 2019, it applied for Designated Contract Market (DCM) status to the Commodity Futures Trading Commission (CFTC) a few weeks later on December 27th. Their application was approved almost one year later on November 3, 2020, and Kalshi
CFTC Public Comments over Kalshi Disappoint Read More »
Updated 9/22/2023: CFTC rejects Kalshi’s proposed election contracts. The Monday, June 26th meeting was cancelled and the CFTC announced that it has commenced a review of contracts self-certified by Kalshi. Mersinger Dissent Pham Dissent Questions for Public Comment Public Comments Below is a summary of background information for the Commodity Futures Trading Commission’s (CFTC) meeting
CFTC Kalshi cheat sheet Read More »
Over the past year of trading, the largest spikes in trading on PredictIt’s “Which party will win the 2024 U.S. presidential election?” market (#6867) appear to have been caused by news related to the platform itself. The CFTC initial revocation of PredictIt’s no-action letter (August 4, 2022), news of PredictIt’s lawsuit and injunction (September 15,
Is PredictIt’s Uncertain Legal Status Driving Trading Action? Read More »
In January 2023, debt accrued by the United States government reached its statutory limit, forcing the U.S. Treasury began taking “extraordinary measures” on January 19th. This “debt limit” is the “total amount of money that the United States government is authorized to borrow to meet its existing legal obligations, including Social Security and Medicare benefits,
Prediction markets forecast a debt ceiling increase in 2023, but probably not soon Read More »
