Prediction market platform Kalshi filed lawsuits against the Nevada Gaming Control Board and the New Jersey Department of Gaming Enforcement on Friday night in response to the regulators’ cease-and-desist letters earlier this month.Thanks for reading Event Horizon!
The CFTC never asked this of Kalshi. The CFTC are overseen by the Congressional Agriculture Committee. This is arguably the worst committee to have final say here.
When CME Group was testifying against a Bitcoin Exchange, the committee members stated that they were just simple farmers.
I don’t trust those “simple farmers” would be able to spot the problem with Kalshi exploiting protections. I would trust a real simple farmer to know that this is illegal gambling.
The CFTC never asked this of Kalshi. The CFTC are overseen by the Congressional Agriculture Committee. This is arguably the worst committee to have final say here.
When CME Group was testifying against a Bitcoin Exchange, the committee members stated that they were just simple farmers.
I don’t trust those “simple farmers” would be able to spot the problem with Kalshi exploiting protections. I would trust a real simple farmer to know that this is illegal gambling.