Kalshi loses appeal, setting up potential Supreme Court case

Kalshi loses appeal, setting up potential Supreme Court case

The 6th U.S. Circuit Court of Appeals ruled against Prediction Market Kalshi, siding with Ohio and Tennessee on regulating sporting-event contracts under state law. Prediction market Kalshi lost the appeal when a court ruled that Ohio and Tennessee could regulate sporting-event contracts under their state gambling laws. 6th US Circuit Court of Appeals governed by … Read more

Kalshi files to bring perpetual futures to US stocks

Kalshi files to bring perpetual futures to US stocks

Kalshi has filed to offer perpetual futures with individual US stocks, joining Coinbase in bringing crypto-style derivatives to traditional equity markets. Prediction market filed Proposed rule changes with the Securities and Exchange Commission and submitted to the Commodity Futures Trading Commission (CFTC) for approval on Friday. The CFTC has not yet approved the proposal. The … Read more