Breaking News: CFTC – Market Insights, Analysis & Latest Updates

'Prediction markets work better' for forecasting elections, Kalshi CEO Tarek Mansour says

Kalshi CEO Tarek Mansour advocates for prediction markets over polls for election forecasting, citing their real-time accuracy and recent legal victories in offering election betting.

theblock.co • 03/10/2024 - 20:31 PM

'Prediction markets work better' for forecasting elections, Kalshi CEO Tarek Mansour says

Kalshi CEO Tarek Mansour argues prediction markets are more reliable than polls for forecasting elections, citing real-time information and recent legal victories allowing election betting.

theblock.co • 03/10/2024 - 20:31 PM

Federal court clears Kalshi to list election betting contracts, denies CFTC's motion

The federal appeals court allows Kalshi to list contracts for election betting, dismissing CFTC concerns and ruling the agency exceeded its authority on congressional control contracts.

theblock.co • 02/10/2024 - 15:41 PM

Federal court clears Kalshi to list election betting contracts, denies CFTC's motion

The federal appeals court permits Kalshi to list election betting contracts, ruling the CFTC failed to prove public harm. Concerns remain over the regulation of such contracts.

theblock.co • 02/10/2024 - 15:41 PM

CFTC
CRIME

California judge orders man to pay $36 million for crypto and forex fraud

William Koo Ichioka was fined $36 million for cryptocurrency fraud, sentenced to four years in prison, and accused of misappropriating funds for personal expenses.

theblock.co • 20/09/2024 - 18:15 PM

CFTC pushes appeals court to block election betting amid Kalshi dispute

CFTC argues against election betting, citing integrity concerns, while Kalshi defends its prediction market amid ongoing legal battles and potential implications for future regulations.

theblock.co • 19/09/2024 - 22:18 PM

CFTC Chair Behnam warns of election betting risks, says agency is keeping an eye on offshore prediction markets

Putting the CFTC in the role of overseeing election contracts could have negative impacts, CFTC Chair Rostin Behnam said during an event at Georgetown University. Behnam said the agency was “observing any activity that’s occurring offshore that is providing exposure to U.S. customers.”

theblock.co • 17/09/2024 - 18:05 PM

CFTC

CFTC files emergency motion seeking to stop Kalshi listing election prediction contracts

Kalshi celebrates a judge's ruling allowing election prediction contracts, while the CFTC seeks an emergency stay pending appeal due to concerns about election integrity.

theblock.co • 07/09/2024 - 19:29 PM

The Daily: Bitcoin's four-year cycle is 'dead,' CFTC charges Uniswap Labs, Mark Karpeles to launch new 'transparent' crypto exchange and more

Outlier Ventures said the four-year cycle is dead after bitcoin’s “worst price performance following any halving to date.” Uniswap Labs settled with the U.S. Commodity Futures Trading Commission for $175,000 on charges related to derivatives trading. Former Mt. Gox CEO Mark Karpeles’ new crypto exchange is set to launch this month with a focus on “transparency.” The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 04/09/2024 - 17:46 PM

CFTC

TD Cowen urges realistic expectations for crypto legislation passage

TD Cowen warns of political gridlock affecting crypto legislation, urging realistic expectations for FIT21 and Senate bills due to potential delays and political contributions.

theblock.co • 26/08/2024 - 17:28 PM

Currency