News linked to both this project and an event.
Odaily News: A person familiar with the matter revealed that the U.S. Commodity Futures Trading Commission (CFTC) is investigating Kalshi for suspected wash trading. Since August, Kalshi traders have executed nearly 1 million trades in the Ethereum futures market, with each trade being almost identical in size, drawing the attention of federal regulators and traders. Kalshi stated that there is no fake trading on the platform, and that the recurring quotes are fixed quotes posted by market makers, which faster traders seize upon. Kalshi co-founder Luana Lopes Lara said that attracting large traders to new markets to promote broader adoption is not uncommon.
Token issuance platform Flap has added support for Anthropic and Kalshi pre-market token pools. The Anthropic pre-market token is powered by OpenStocks, while the Kalshi pre-market token is powered by Paimon Finance.
According to Morningstar, the federally recognized sovereign Tunica-Biloxi Tribe of Louisiana has announced the formal launch of its first tribal nation prediction market application via its newly created subsidiary, SaltTrade Derivatives. Powered by Kalshi, the United States' first regulated prediction market platform, the app allows users to trade event contracts tied to real-world outcomes on the Kalshi marketplace. Previously, the U.S. Commodity Futures Trading Commission (CFTC) issued a conditional no-action letter to the tribe, providing a compliance framework for its participation in a regulated derivatives market. Kalshi CEO Tarek Mansour stated that regulated national infrastructure and tribal entrepreneurship can develop alongside each other, rather than being a zero-sum game. This project provides a replicable pathway model for other sovereign tribal nations entering the prediction market industry.
According to The Block, World, an identity verification cryptocurrency project formerly known as Worldcoin, has officially launched its self-custody financial super app, World Money, available in more than 150 countries worldwide. The app supports stablecoin payments, trading, yield generation, virtual accounts, and other features. It manages balances in eight currencies and integrates with Stripe, Kalshi, and Morpho, allowing users to quickly convert fiat currency into stablecoins via Apple Pay through the Stripe partnership. Users who complete World ID verification are eligible for additional rewards in qualifying Earn programs. World is developed by Tools for Humanity, a company co-founded by Alex Blania and OpenAI CEO Sam Altman.
Odaily News: This self-custodial app will encompass stablecoins, investments, yield, and global payments, with integrations with Stripe, Kalshi, and Morpho. Through World ID verification, users can unlock higher rewards.
Odaily News: U.S. Democratic Senator Elizabeth Warren stated that she still hopes to push a crypto regulatory bill into law, but does not support the current version of the Clarity Act.Warren said the Clarity Act is Washington's first opportunity to achieve "meaningful crypto regulation," but any bill must include several core elements: regulating public officials' crypto investments, protecting national security and consumers, and strengthening the fight against illicit finance and terrorist financing.Her stance could become more critical next year. If Democrats regain control of the Senate after the November election, Warren could become chair of the Senate Banking Committee, one of the key bodies for digital asset regulatory legislation. The article notes that Kalshi prediction markets currently show a 52% probability of Democrats retaking the Senate.When asked whether she would lead crypto legislation if she headed the Banking Committee, Warren said she would be willing. She said she is willing to sit down with Democrats, Republicans, and the industry to craft a crypto bill that protects national security, protects the economy, and reduces corruption.
According to The Block, Bernstein analysts indicated that Senate Republicans' progress on the Clarity Act may surpass market consensus expectations. The Republican proposal has been finalized, incorporating 126 substantive amendments put forward by Democrats. President Trump has also endorsed most measures within the bipartisan ethics framework, including granting enforcement authority to state attorneys general. Bernstein pointed out that the crypto market currently holds a pessimistic view toward Tuesday’s procedural vote, with "any upside surprises not yet priced in." The probability of the bill's passage on prediction market platform Kalshi has climbed back above 30%. Analysts cautioned that a failure to pass the legislation, combined with hawkish remarks from the Federal Reserve, could trigger a "significant pullback" in markets. However, even if the bill fails, it will accelerate SEC and CFTC crypto regulatory rulemaking rather than derail broader regulatory efforts.
Odaily News: Bitcoin News posted on X platform that after the CFTC approved Kalshi's Bitcoin perpetual contracts as futures products, uncertainty remains over how traders should report gains to the IRS. If the product is recognized as a regulated futures contract under Section 1256 of the U.S. tax code, the related gains are typically treated as 60% long-term capital gains and 40% short-term capital gains, regardless of the holding period. CME believes that Kalshi's perpetual contracts are actually swaps, and swaps are explicitly outside the scope of Section 1256. The CFTC's classification supports the view that they are futures products, but it is not binding on the IRS. Until the IRS, U.S. Congress, or courts directly address Bitcoin perpetual contracts, their tax treatment remains undetermined.
According to The Wall Street Journal, prediction market platform Kalshi plans to seek U.S. regulatory approval to launch perpetual contracts on approximately 60 stocks and ETFs, including Tesla, Apple, and Nvidia, with round-the-clock trading enabled. If approved, they would become the first regulated single-stock perpetual contracts in the U.S.
The European Securities and Markets Authority (ESMA) released a report stating that platforms such as Polymarket and Kalshi lack the formal authorization required to sell contracts to users in the EU. Regulators have also questioned the effectiveness of these platforms in enforcing geo-restrictions and anti-VPN measures.
Odaily News: Prediction market platform Kalshi has received approval from the U.S. Commodity Futures Trading Commission (CFTC) to launch gold and silver perpetual contracts on September 10. This marks the first non-crypto perpetual contract product approved by the CFTC. Kalshi was first approved to offer cryptocurrency perpetual contracts in late May of this year, and related products have since reached $44 billion in notional trading volume. Kalshi stated that gold and silver event contracts have exceeded $400 million in trading volume over the past 7 months, prompting the company to further expand its precious metals perpetual contract business. Additionally, Kalshi is also seeking to launch perpetual contracts related to US stocks, copper, and forex. (CNBC)
According to Hyperliquid News, the Hyperliquid Policy Center has filed an amicus brief with the U.S. District Court for the District of Columbia, seeking to dismiss the lawsuit brought by the Chicago Mercantile Exchange (CME) against the Commodity Futures Trading Commission (CFTC). The lawsuit concerns the CFTC's prior approval of regulated cryptocurrency perpetual contracts through Kalshi in the United States. CME had previously challenged that regulatory decision in court, and the Hyperliquid Policy Center now supports the CFTC, arguing that the court should dismiss CME's lawsuit.
According to Decrypt, Ingham County Circuit Court Judge Rosemarie Aquilina has issued a preliminary injunction against prediction market platform Kalshi, ordering it to stop offering sports betting-related contracts to Michigan residents. The court determined that Kalshi's relevant operations are essentially "sports betting disguised as investment opportunities."
Odaily News Crypto enterprises, asset managers, market makers, and consumer advocacy groups have submitted comments to the U.S. Securities and Exchange Commission (SEC) in response to its request for input on the regulatory framework for "novel ETFs," covering exchange-traded products such as crypto assets, private assets, event contracts, and leveraged strategies.Crypto industry organization Crypto Council for Innovation (CCI) recommended extending certain regulatory accommodations applicable to ETFs to non-ETF exchange-traded products. Venture capital firm Andreessen Horowitz (A16z) stated that the SEC should assess products based on their underlying assets and risk profiles, rather than treating all novel ETFs as a single category.Grayscale opposed adding new portfolio restrictions for mature digital asset products, while Chainalysis suggested leveraging public blockchains to enable real-time monitoring and verifiable disclosures. Kalshi expressed support for including event contracts in registered funds, whereas consumer advocacy group Public Citizen opposed offering event contract ETFs to retail investors. The SEC will evaluate whether to adopt a unified regulatory framework or craft separate rules based on product structure and risk. (Decrypt)
Odaily News: Andy Ross, head of institutional business at Kalshi, said that Kalshi has submitted an application to regulators to launch perpetual contracts based on foreign exchange and interest rates. The application was submitted on Monday and had not appeared in the U.S. Commodity Futures Trading Commission (CFTC) public filing system as of Tuesday afternoon. Previously, the CFTC approved Kalshi to list bitcoin perpetual contracts in May this year, followed by the launch of ETH and XRP perpetual contracts. Since then, Kalshi has continued to expand perpetual contracts beyond cryptocurrencies: it submitted applications for gold, silver, and platinum perpetual contracts in July, and on August 18, it submitted applications for U.S. large-cap stock index and copper perpetual contracts. Ross said Kalshi hopes to bring multiple asset classes such as stocks, commodities, cryptocurrencies, fixed income, and interest rates into a unified trading interface. Currently, the platform's market count has increased from approximately 4,000 to around 10,000, and activity has gradually spread from a few popular markets to a wider range of markets.
Odaily News: The U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) are advancing cryptocurrency regulatory rulemaking, having solicited public comments on the definitions of swaps, security-based swaps, and emerging products, as well as on the boundaries of regulatory jurisdiction.Former CFTC Chairman Chris Giancarlo, former CFTC commissioners Brian Quintenz and Sharon Brown-Hruska, and former SEC commissioner Steven Wallman, among others, stated in a joint letter supported by Kalshi that similar risks should be subject to similar regulation, avoiding overlapping rules that increase compliance costs.Kalshi estimates that offshore perpetual contract trading volume will exceed $9 trillion in 2025, up from approximately $2.8 trillion two years ago. Chris Giancarlo said that if U.S. regulation is calibrated to actual risk rather than maximum burden, related liquidity could flow back to the United States.Last week, the SEC submitted proposed revisions to custody rules for investment advisers and investment companies to the White House Office of Information and Regulatory Affairs (OIRA) for review, aiming to clarify requirements for regulated investment institutions providing digital asset custody services. The SEC's "Reg Crypto" proposal has been published in the Federal Register, with public comments open until October 20. (Decrypt)
Odaily News: Fomo, a social crypto trading app built for Robinhood Chain and other networks, entered the top five finance apps in the U.S. on August 21, briefly climbing to No. 3 and surpassing Cash App and prediction market Kalshi. It currently ranks in the top 15.Founded by Paul Erlanger and Se Yong Park, Fomo launched its public beta in May 2025. In November 2025, it completed a $17 million Series A round led by Benchmark, with participation from 140 angel investors; this was followed by a $75 million Series B round, bringing total disclosed equity funding to approximately $94 million.Fomo supports Solana, Base, BNB Chain, Monad, and Robinhood Chain, allowing users to view real-time trades of people they follow, track leaderboards, and copy trading signals, with instant deposits funded via Apple Pay. Its cumulative installs on Google Play have surpassed 1 million, with over 600,000 users and more than $4 billion in trading volume. (Bitcoin.com News)
Odaily News: Recent Bitcoin volatility has triggered a wave of leveraged long position liquidations. On August 22, hourly liquidations reached $529 million, with long positions accounting for $478 million; on August 23, an additional $84 million in crypto long positions were liquidated within one hour.Prediction market Kalshi launched the first spot Bitcoin perpetual futures contract approved by the U.S. Commodity Futures Trading Commission (CFTC) on June 3, with liquidations reaching $5.5 billion in the first two weeks. Kalshi CEO Tarek Mansour stated that the product offers U.S. institutions regulated onshore perpetual contract trading.Benjamin Schiffrin, Director of Securities Policy at Better Markets, pointed out that perpetual futures are high-risk crypto products for retail investors, and the CFTC did not impose additional investor protections when approving them. Analysis account Qmo noted that there are significant Bitcoin long liquidation pools in the $62,000 to $67,000 range; trader Money Bunny disclosed that short liquidations reached $2.7 billion to $3.5 billion within 24 hours. (Forbes Digital Assets)
Odaily News: Cantor Fitzgerald has announced that it will open access to the prediction market platform Kalshi for institutional investors, providing event contract trading services to its approximately 3,000 institutional clients, including family offices and hedge funds.According to The Wall Street Journal, Cantor Fitzgerald will act as a broker arranging block trades for institutional clients, enabling them to participate in "yes/no" contract trading based on real-world event outcomes offered by Kalshi. The trading instruments cover multiple areas, including weather forecasts, commodity price trends, and corporate performance.This partnership marks the further entry of traditional financial institutions into the prediction market space. Kalshi is an event trading platform regulated by the U.S. Commodity Futures Trading Commission (CFTC), where users can bet via contracts on whether specific events will occur, such as economic data releases, policy changes, weather conditions, and business events.In recent years, prediction markets have drawn attention from investors, with proponents arguing that they can reflect collective expectations through market prices and provide risk hedging tools for businesses and investment institutions. However, regulators and some market participants have also continued to scrutinize the boundary between these markets and gambling. (WSJ)
Odaily News According to reports, multiple prediction markets are converging on pricing for the Fed's September meeting outcome: approximately 74% probability of holding rates steady, about 25% probability of a 25 basis point rate hike, and nearly 1% probability of a rate cut. Relevant Polymarket contracts have seen trading volume of $33.9 million; Kalshi, a prediction exchange regulated by the US Commodity Futures Trading Commission (CFTC), shows a 73.5% probability of holding rates steady, with related wagers nearing $10 million. Myriad, a prediction platform operated by Dastan, indicates approximately 71% probability for this option. The Fed's July meeting voted 9 to 3 to hold rates at 3.50% to 3.75%, with 3 committee members supporting a rate hike. The FOMC is scheduled to meet from September 15 to 16, with the statement planned for release on September 16; a survey shows nearly 70% of economists expect rates to remain unchanged for the remainder of 2026. (Decrypt)