CFTC Backs Off: Kalshi Nears Victory in Battle to List Political Betting Contracts
By: cryptosheadlines|2025/05/07 17:15:01
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com The U.S. Commodity Futures Trading Commission (CFTC) has asked a federal court to dismiss its own appeal against prediction market Kalshi, signaling a major shift in regulatory tone toward political event betting in the U.S. In a May 5 filing to the U.S. Court of Appeals for the District of Columbia Circuit, the CFTC’s legal team submitted an unopposed motion for voluntary dismissal—a request that, if approved, could bring an end to a legal saga that began with the regulator’s opposition to Kalshi’s election-based markets.A Sudden Reversal in the Kalshi CaseKalshi, which gained significant traction ahead of the 2024 U.S. elections by offering users the ability to bet on political outcomes, responded swiftly. In a May 6 post on X, the platform declared, “Election markets are here to stay,” echoing the very sentiment that has been central to its legal argument all along. In a joint court filing, Kalshi agreed to cover all its own court costs and legal fees, possibly as part of a broader understanding with the regulator.The decision to drop the appeal arrives at a curious time—after a change in U.S. administration and leadership at the CFTC. Acting Chair Caroline Pham, appointed under President Donald Trump, appears to represent a shift from her predecessor’s stance. Commissioner Summer Mersinger, a Biden appointee, had already voiced support earlier this year, stating publicly that political markets were “here to stay.”Change in Administration, Change in Tone?Back in 2023, Kalshi sued the CFTC after it was ordered to cease offering political contracts. While the firm triumphed in the lower courts, the CFTC’s subsequent appeal in September 2024 had placed the matter on shaky ground. Now, with the regulator seemingly retreating, Kalshi may finally secure its position as a legitimate platform for political forecasting.The case also reflects a broader ideological rift: while previous CFTC leadership warned that political betting posed risks of “spectacular manipulation,” the current administration seems more open to treating such markets as viable and self-regulating.Kalshi’s journey, from regulatory roadblocks to legal vindication, marks a pivotal moment not just for crypto-linked prediction markets, but also for how the U.S. may treat speculative platforms that blend finance, politics, and technology in a post-2024 world.Source link
You may also like

What are the common traits of people who founded a $5 Billion+ company before the age of 23?
Trauma, Neurodiversity, Cross-Domain Skills. These characteristics, which may appear as "flaws" on a traditional resume, could instead be the most important signals

Why Hasn't $160 Billion Stripe Gone Public?
The Rise of Private Placements, with Companies like Stripe Rewriting Fundraising Logic.

All the AI News You Need to Know is Here, Lyrical Officially Launches AI News Feed
Users can access key information in real time without switching pages

Bitwise: Why Bitcoin Is Destined to Impact a Million Dollars?
When people talk about Bitcoin, they often overlook one key thing.

Amid Geopolitical Turmoil, Tokenized Gold Emerges Alongside Round-the-Clock On-Chain Markets
When the stock market is closed, the on-chain becomes the sole trading and pricing outlet.

Who Longs War on Polymarket?
The Rug Pull War rages on, with the potential to earn up to 4x gains on your bet

4 AI Trading Strategy Lessons from WEEX Hackathon Finalist
Finalist Bambi shares how AI tools helped turn real trading experience into an automated strategy, why survival-first risk control shaped the system’s design, and how the approach will evolve ahead of WEEX AI Trading Hackathon Season 2.

Hong Kong Crypto Ecosystem 2.0: Stablecoins, RWA, and the New Battleground for Financial Institutions
Hong Kong is no longer just a bystander in the cryptocurrency industry, but may become the core hub of the compliant cryptocurrency market in the Chinese-speaking world and even the entire Asia-Pacific region.

Polymarket Arbitrage Bible: The Real Gap is in the Mathematical Infrastructure
While retail investors are still engaged in simple probability addition, top quantitative teams are systematically harvesting millions of dollars in arbitrage profits on Polymarket using hardcore mathematical infrastructure such as integer programming and Bregman projections.

Crypto Barbarians Jupiter Series: Still Owes the Market an Answer
This entrepreneurial team from Singapore and Malaysia has indeed demonstrated its product execution capabilities to the market over the past three years, but they have also fully arbitraged every regulatory gray area with their business logic.

Bank Card Payment vs. Stablecoin Payment: Which is More Suitable for AI Agents?
Using bank cards to serve humanity and relying on stablecoins for high-frequency micro-trading with machines: Setting aside camp biases, a mixed payment architecture is the ultimate goal of AI entities in business.

Zuck is really out of touch! He actually acquired a dated Lobster-based social platform?
The asset pool Meta can now touch is not on the same level as it was in 2012

Key Market Information Discrepancy on March 11th - A Must-See! | Alpha Morning Report
1. Top News: Iran Reportedly Plants Mines in the Strait of Hormuz, Trump Warns of "Unprecedented" Military Strike
2. Token Unlock: $IO

How to Deal with Trump? Accept this "Art of the Deal Playbook"
The U.S. macro research firm The Kobeissi Letter deconstructs its "10-Step Conflict Pattern": Verbal Pressure, Friday Night Raid, Market Triple Bottom Exploration, Conditional Downgrade... concluding with a single "trade" paper.

AI Computing Power Arms Race Intensifies: This Startup Aims to Mine Bitcoin in Space
The next battleground for AI computing power is extending into space, gradually becoming a new frontier in commercial storytelling.

Claude Code launches the /btw feature, Musk X Money set to launch soon, what's the English community talking about today?
What have foreigners been most interested in over the past 24 hours?

Polymarket Arbitrage Bible: The Real Edge is in the Math Infrastructure
Predictive Market-Making Quantitative Arbitrage Logic.

What Is OpenClaw? How The AI Agent Could Automate Crypto Trading Through APIs
OpenClaw is a rapidly growing AI agent on GitHub that can automate tasks and even execute crypto trades through exchange APIs. Learn how OpenClaw works, how it connects to exchanges, and the risks traders should understand before using AI trading agents.
What are the common traits of people who founded a $5 Billion+ company before the age of 23?
Trauma, Neurodiversity, Cross-Domain Skills. These characteristics, which may appear as "flaws" on a traditional resume, could instead be the most important signals
Why Hasn't $160 Billion Stripe Gone Public?
The Rise of Private Placements, with Companies like Stripe Rewriting Fundraising Logic.
All the AI News You Need to Know is Here, Lyrical Officially Launches AI News Feed
Users can access key information in real time without switching pages
Bitwise: Why Bitcoin Is Destined to Impact a Million Dollars?
When people talk about Bitcoin, they often overlook one key thing.
Amid Geopolitical Turmoil, Tokenized Gold Emerges Alongside Round-the-Clock On-Chain Markets
When the stock market is closed, the on-chain becomes the sole trading and pricing outlet.
Who Longs War on Polymarket?
The Rug Pull War rages on, with the potential to earn up to 4x gains on your bet