Regulatory

CFTC Public Comments over Kalshi Disappoint

Government, Regulatory / /

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 »

Is PredictIt’s Uncertain Legal Status Driving Trading Action?

Elections, Government, Regulatory / /

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 »