CFTC Staff Recommend Rejecting Kalshi's US Election Contracts: Bloomberg
Policy
Prediction market Kalshi's request to create contracts linked to U.S. election outcomes should be rejected, according to staff of the regulator weighing the request, Bloomberg reported.
Their recommendations are not binding. Commissioners at the U.S. Commodity Futures Trading Commission ultimately decide, though staff members' advice carries weight.
Read more: Prediction Market Kalshi Signals It Sees CFTC's Blessing for Midterm Election Bets
Related news
Policy
Apr. 25, 2024
UK Law Enforcement Agencies Can Now Seize Crypto More Easily as New Rules Take Effect
New powers that will make it easier for law enforcement agencies to seize crypto come into effect on Friday. The U.K. passed a crime bill last year to aid crypto seizures, allowing law enforcement agencies to seize funds before making arrests. ...
Policy
Apr. 25, 2024
Consensys Sues SEC Over ‘Unlawful Seizure Of Authority’ Over Ethereum
Ethereum developer Consensys has filed a lawsuit against the U.S. Securities and Exchange Commission, striking back against what the company calls an “unlawful seizure of authority” over Ethereum by the federal regulator. The company wants a fed...
Policy
Apr. 25, 2024
Jebara Igbara, AKA 'Jay Mazini,' Sentenced to 7 Years in Prison for Crypto-Related Fraud
A U.S. district judge sentenced Jabara Igbara to seven years in prison. He purported to be a crypto millionaire and targeted Muslims through a company called Halal-Capital LLC. Jabara Igbara, also known as “Jay Mazini,” who claimed to be a cr...
Policy
Apr. 25, 2024
Stablecoin Bill Could be Ready for the U.S. House Soon Says Top Democrat Maxine Waters: Bloomberg
The top Democrat on the U.S. House Financial Services Committee has told Bloomberg that a stablecoin bill could be ready soon. The latest development strengthens hopes that the U.S. can get a new stablecoin law this year, before the elections, ...
Policy
Apr. 24, 2024
Samourai Wallet Founders Arrested and Charged With Money Laundering
Federal prosecutors charged Samurai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to commit money laundering on Wednesday, as the U.S. government continues its approach to prosecuting crypto mixing tools that may be u...
Policy
Apr. 24, 2024
Binance Founder Changpeng Zhao Apologizes Ahead of Sentencing, 161 Others Send Letters of Support
Binance founder and former chief executive Changpeng "CZ” Zhao has apologized for his “poor decisions” and accepted “full responsibility” for his actions in a letter to the judge overseeing his case filed on Tuesday. Zhao is scheduled to be sent...
