Kentucky tests CFTC power with lawsuit against Kalshi, Polymarket
Kentucky sues Kalshi, Polymarket, Coinbase, Robinhood and Webull over sports event contracts as prediction market cases grow nationwide.
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Kalshi's AI agent Harrison could enhance prediction market efficiency but risks reputational damage if it fails to catch critical contract issues. The post Kalshi builds AI agent Harrison to stress-test prediction market contracts appeared first on Crypto Briefing.
Read full articleKentucky sues Kalshi, Polymarket, Coinbase, Robinhood and Webull over sports event contracts as prediction market cases grow nationwide.
Kentucky has sued Polymarket, Kalshi and Kalshi’s partners Coinbase, Robinhood and Webull, over offering sports event contracts in the state.
Kalshi has fueled a billion-dollar dispute over sports betting regulation as trading activity on its platforms continues to surge. According to a report from Semafor, a coalition that includes the Indian Gaming Association, the American Gaming Association, and labor organizations…
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Kalshi's enhanced surveillance could set a compliance benchmark, influencing regulatory standards and trust in prediction markets globally. The post Kalshi adds Solidus Labs to bolster prediction market surveillance appeared first on Crypto Briefing.
The American Gaming Association, the Indian Gaming Association, and two hospitality unions are pressing senators to insert sports-betting carve-out language into the CLARITY Act, the crypto market-structure bill moving through Congress. The push targets Kalshi and Polymarket.
The collaboration comes as US state regulators and the CFTC battle over oversight of event-based contracts.
Kalshi's CFTC approval could significantly shift crypto trading dynamics, potentially boosting US market influence and regulatory oversight. The post Kalshi’s CFTC-approved perps aim to shift $90T offshore market to US soil appeared first on Crypto Briefing.