Bitcoin options traders say $80K is a given as Trump victory odds spike
Bitcoin’s brief rally to $69,000 maybe have been “driven by speculation” for a Trump victory. Meanwhile, BTC options traders say $80,000 is programmed. Go to Source
Kalshi
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Prediction markets are not being manipulated — Kalshi founder
The most recent Polymarket odds put Trump’s chances of winning the 2024 Presidential election at 60.3% and winning all six swing states. Go to Source
Kalshi election betting contracts multiply after court win
The prediction marketplace has certified more than a dozen political event contracts since prevailing in a court battle in September. Go to Source
Crypto.com’s US exchange lists 4 memecoin derivatives
Traders can now hedge exposure to memecoins including PEPE and FLOKI. Go to Source
Kalshi US election betting live after court win
Betting on US political outcomes is permitted for the first time weeks ahead of the November presidential election. Go to Source
DC Circuit Court Rules Kalshi’s US Election Bets Legal
This week, the U.S. Court of Appeals for the District of Columbia Circuit has ruled in favor of the predictions market Kalshi, allowing the commodities exchange to offer event contracts based on the outcome of U.S. congressional elections. Circuit Judge Millett’s opinion supports the legality of the contracts, dismissing claims of gaming or election gambling. … Read more
US appeals court greenlights election prediction markets
The ruling paves the way for election prediction markets to operate in the United States. Go to Source
Judges quiz CFTC, Kalshi over US election markets offering
US appeals court judges peppered the CFTC and betting platform Kalshi’s lawyers with questions as the regulator bids to overturn a lower court’s decision allowing election markets. Go to Source
CFTC eyeing Polymarket, betting platforms amid elections, says chair
If an offshore entity’s “footprint” in the US is big enough, they must register their derivative contracts or risk facing enforcement actions, says CFTC Chair Rostin Behnam. Go to Source
‘Explosion’ in election gambling will harm public interest: CFTC
The US commodities regulator says prediction markets can be vulnerable to “spectacular manipulation.” Go to Source