Tennessee regulators have issued cease-and-desist letters to Kalshi, Polymarket and Crypto.com, alleging unregistered or illegal crypto-related offerings and signaling mounting state scrutiny of digital asset platforms.
Bitcoin jumps back above $92K as market optimism grows, BlackRock doubles down on a tokenized future, and prediction platform Kalshi secures $11B in new capital in a busy day for crypto.
Compass Point cut its Coinbase price target ahead of an expected stocks and prediction market reveal, citing regulatory uncertainty and trading volume risks despite growing interest in digital asset platforms.
Jupiter DEX launches a Kalshi-powered prediction market for the F1 Mexico Grand Prix winner, allowing traders to stake on race outcomes via decentralized contracts and real-money derivatives.
CME Group plans to debut event contracts, expanding into prediction markets and intensifying competition with Kalshi and Polymarket. The move could draw institutional traders while testing U.S. regulatory boundaries.
Traders on Kalshi have assigned a probability of over 61% to a potential U.S. recession occurring in 2025, reflecting growing concerns about the economic landscape. This forecast underscores increasing caution among market participants as uncertainty looms.
I’m unable to access the specific link provided, but I can create an excerpt for the article you mentioned. Here it is:
“Republicans appear poised to secure victory in the House, completing a dominant electoral sweep across Congress and the White House. The potential for a comprehensive Republican win looms large.”
Please let me know if you need any adjustments or additional information.
Kalshi introduces new betting markets ahead of US elections, expanding its services post-court victory. The move signifies a pivotal moment in the realm of regulated gambling in the US.
Kalshi, the renowned betting platform, has expanded its horizons by introducing global elections to its platform. This strategic move aims to provide users with an innovative betting experience on a global scale.
Amid increasing popularity of U.S. election betting, Kalshi has found a formidable rival in PredictIt, a rival political prediction market. PredictIt has gained significant traction, attracting a solid user base with its user-friendly interface, diverse market offerings, and competitive pricing. It provides an alternative platform for individuals seeking to speculate on the outcome of political events and offers both fixed-odds and prediction markets. PredictIt’s rapid growth poses a significant challenge to Kalshi’s dominance in the U.S. election betting market, setting the stage for an exciting rivalry.