The Commodity Futures Trading Commission (CFTC) is reportedly reviewing unusual trading on Kalshi’s Ethereum perpetual futures market. This is according to The Wall Street Journal (WSJ), which found close to one million trades clustered around the same $5,500 order size since August. The pattern, which the WSJ said accounted for more than $5 billion in volume, […]
Prediction-market exchange Kalshi has permanently banned former US Rep. George Santos from accessing the platform after its Compliance Department found “reasonable cause to believe” that he engaged in insider trading and market manipulation. The lifetime ban, effective August 28, 2026, is the first permanent penalty of its kind imposed by Kalshi on a user. Penalty […]
Baltimore has taken legal action against prediction market operators Kalshi and Polymarket, accusing both companies of offering illegal sports betting in the city. Mayor Brandon M. Scott and the Baltimore City Council filed separate lawsuits on August 13 in the Circuit Court. The cases allege violations of Baltimore’s Consumer Protection Ordinance and accuse the companies […]