Kalshi Picks Solana To Ignite Tokenized Event Trading
Kalshi has switched on tokenized versions of its event contracts on Solana, making its first explicit play to court the same crypto-native traders who have funneled billions of dollars into rival prediction platform Polymarket. Instead of holding positions solely as traditional off-chain contracts on Kalshi’s regulated venue, users can now buy and sell tokenized representations […]
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Kalshi has taken a major step in restructuring how prediction markets operate by moving its event contracts onto the Solana blockchain. Related Reading: War On Crypto, Now Targeting Trump’s AI And Crypto Czar, Expert Claims The transition brings U.S.-regulated prediction markets directly into decentralized finance, positioning the platform to compete more closely with its on-chain […]
Kalshi has ramped up its battle over prediction markets by filing a lawsuit against the state of Minnesota. The lawsuit challenges a recently passed law that would restrict most prediction market activity and impose criminal penalties on certain event-based contracts. Kalshi And Minnesota Clash At the core of Kalshi’s lawsuit is its jurisdiction argument. The […]
The Commodity Futures Trading Commission (CFTC) has initiated inquiries into Crypto.com and Kalshi Inc. regarding their recently launched event contracts tied to the Super Bowl, as reported by Bloomberg. Crypto.com Vows Cooperation: Prepared To Address CFTC’s Questions Under existing statutes, the CFTC has the authority to request additional information from companies that self-certify their financial […]
Polymarket and Kalshi have been hit with mounting regulatory scrutiny, and Spain is now the latest jurisdiction to step in. After challenges ranging from security concerns to government investigations, Spanish regulators have begun a formal process against both prediction market operators and ordered their sites blocked nationwide. Sanctions Against Polymarket And Kalshi Spain’s Directorate General […]
According to a report from CNBC, Coinbase (COIN), the largest cryptocurrency exchange in the US, is preparing to launch its own prediction market in collaboration with Kalshi, one of the largest federally regulated financial exchanges in the country. Coinbase Teases Major Updates The anticipation surrounding the prediction market has been building for nearly a month. Recently, a screenshot of what appears to be Coinbase’s prediction markets dashboard was shared by Silicon Valley researcher Jane Manchun Wong in a post on social media site X (previously Twitter), shedding some light....