There are two upcoming events related to the PredictIt (April 18th) and Kalshi (May 30th) lawsuits against the CFTC: (1) Clarke v. CFTC webinar The Federalist Society is hosting a webinar featuring the attorney representing the plaintiffs in the PredictIt lawsuit, as well as Aristotle’s General Counsel. Discussing Clarke v. CFTC: The Case of PredictIt […]
Two Upcoming Events About Prediction Markets’ Legal Status Read More »
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 »
Continuing the last article’s theme of ‘too good to be true,’ we now turn our attention to LK-99. LK-99 is a compound that researchers in South Korea claimed could serve as a room-temperature ambient-pressure superconductor. Superconductors are materials that, when cooled to a “critical temperature,” conduct electricity without energy loss. The most common use of
LK-99: The Dream Will Never Die Read More »
This was a big week for Kalshi, with Monday’s CFTC hearing and the exchange’s second anniversary. Like other prediction markets, Kalshi traders buy and sell binary option contracts: an event either happens or does not happen (Yes or No). A correct prediction receives $1/share, and a wrong prediction receives $0/share. The share prices can indicate
