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Court rules prediction market Kalshi’s US election bets are legal

A judge has rejected the CFTC’s attempt to stop Kalshi from resuming its election prediction markets as the commission appeals.

Prediction markets like Polymarket triple despite US ‘ban’

Polymarket has promised the Commodity Futures Trading Commission that it will never allow US residents to wager using its platform.

FTX and Alameda both agreed in July to pay creditors. However, this agreement was subject to yesterday’s court verdict.

Despite efforts to distance itself from FTX, Jump had ties to the fraudulent empire that the CFTC might now be investigating.

Binance will disgorge $1.35B in “ill-gotten transaction fees” and pay $1.35B to the CFTC while CZ will pay a $150M civil monetary penalty.