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 »
Last Updated: 09/23/2024 Press coverage of PredictIt’s lawsuit against the CFTC has been wanting. Online news coverage is disproportionately covering PredictIt and the CFTC as a gambling or legal story, rather than a political one. Yahoo even classified one of the Aristotle press releases under “Entertainment.” Below is a short timeline of events and media
PredictIt Legal Case Information Read More »
Gamblers and prediction market traders had been souring on PredictIt’s chances of surviving past the CFTC-ordered closure on February 15th. However, when the Fifth Circuit Court of Appeals granted an injunction on January 26th allowing PredictIt to continue operating while the Court considered longer-term relief, “Yes” shares (for PredictIt surviving) immediately shot up in most
Prediction Markets Bet on PredictIt Surviving in the Short Term Read More »
