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Kalshi CEO Tarek Mansour said prediction markets should be regulated federally rather than by states, warning at DC Fintech Week that the question is whether the market stays in the US or moves overseas. Kalshi and the CFTC say such markets fall under federal financial rules, while several states call them illegal sports betting; Mansour also denied claims Kalshi inflated volume in its Bitcoin and ether perpetual futures.
Regulation
CoinNessAIBearish
Nevada opposed Kalshi's bid to delay Ninth Circuit proceedings pending CFTC rulemaking. Kalshi CEO Tarek Mansour now says the prediction market would move abroad if US courts back states claiming gambling oversight, and at DC Fintech Week he urged federal rather than state regulation, denying claims Kalshi inflated…
Nevada opposed Kalshi's request to delay Ninth Circuit proceedings pending CFTC rulemaking, saying the court's finding that the contracts are not swaps rests on the Commodity Exchange Act and would not change.
Regulation
OdailyAINeutral
Kalshi chief executive Tarek Mansour says the prediction market would be forced to move abroad if US courts back states claiming gambling oversight of such firms. He says he is fairly confident about Kalshi's legal position in the US, after two federal courts ruled against that view.
RegulationOdailyAINeutral
Kalshi CEO Tarek Mansour said prediction markets should be regulated federally rather than by states, warning at DC Fintech Week that the question is whether the market stays in the US or moves overseas. Kalshi and the CFTC say such markets fall under federal financial rules, while several states call them illegal sports betting; Mansour also denied claims Kalshi inflated volume in its Bitcoin and ether perpetual futures.
RegulationCoinNessAIBearish
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