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Prediction Markets

U.S. Commodity Futures Trading Commission Chairman Rostin Behnam says his agency still doesn't have the tools to prevent another FTX. (Jesse Hamilton/CoinDesk)
Policy
Regulations
CFTC Chief: Nothing Changed After FTX Meltdown to Empower Agency to Prevent Repeat
U.S. CFTC Chair Rostin Behnam says his agency is still awaiting new authorities from Congress to get supervision power over the crypto markets.
U.S. Commodity Futures Trading Commission Chairman Rostin Behnam says his agency still doesn't have the tools to prevent another FTX. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Nov 15, 2023 at 4:11 p.m. UTC
Nov 15, 2023
RegulationsCommodity Futures Trading CommissionRostin BehmanSecurities and Exchange CommissionBitcoinETHKalshiPrediction MarketsLegislationFTX
Kalshi is suing the U.S. Commodity Futures Trading Commission. (Jesse Hamilton/CoinDesk)
Policy
Regulations
Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections
The CFTC denied a valid hedging option when it rebuffed a plan to offer event contracts for traders to bet on political outcomes, the company said.
Kalshi is suing the U.S. Commodity Futures Trading Commission. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Nov 1, 2023 at 10:42 p.m. UTC
Nov 1, 2023
RegulationsCongressPrediction MarketsKalshiCommodity Futures Trading Commissionlitigation
tarot cards
Consensus Magazine
Opinion
Americans (Seemingly) Aren't Allowed to Put This Economic Theory to the Test
The CFTC keeps putting fences around prediction markets, which some say are better way to aggregate information.
tarot cards
By Daniel Kuhn
Sep 22, 2023 at 7:19 p.m. UTC
Sep 22, 2023
OpinionThe NodeNewslettersPrediction MarketsKalshi
CFTC Chair Rostin Behnam speaks at DC Fintech Week (Nikhilesh De/CoinDesk)
Policy
Regulations
CFTC Denies Kalshi’s Plan to Let Users Bet on Control of U.S. Congress
U.S. federal regulators said the plans weren't in the "public interest," after a court squabble involving rival service PredictIt
CFTC Chair Rostin Behnam speaks at DC Fintech Week (Nikhilesh De/CoinDesk)
By Jack Schickler
Sep 22, 2023 at 1:11 p.m. UTC
Sep 22, 2023
RegulationsPrediction MarketsCFTCUnited States
Prediction markets generate more accurate forecasts than other methods. (Bettmann/Getty Images)
Markets
Bitmex
BitMEX's Prediction Market Is Now Live
Current prediction market contracts revolve around FTX bankruptcy claim recoveries, the future of bitcoin ETFs, and Sam Bankman-Fried’s jail sentence.
Prediction markets generate more accurate forecasts than other methods. (Bettmann/Getty Images)
By Sam Reynolds
Sep 13, 2023 at 5:42 a.m. UTC
Sep 13, 2023
BitMEXPrediction MarketsPolymarket
(Nikhilesh De/CoinDesk)
Policy
Regulations
CFTC Kicks Off Review of Kalshi's Congressional Control Prediction Markets
Kalshi wants to let users bet on which political party will control Congress after an election.
(Nikhilesh De/CoinDesk)
By Nikhilesh De
Jun 24, 2023 at 2:59 a.m. UTC
Jun 24, 2023
RegulationsPrediction MarketsCFTCKalshi
Kalshi will have a prediction contract weighed by the Commodity Futures Trading Commission. (Jesse Hamilton/CoinDesk)
Policy
Regulations
CFTC to Review Prediction Market Kalshi’s Contracts to Bet on Control of Congress
The U.S. derivatives regulator has scheduled a June 26 meeting to discuss starting another review to evaluate whether to approve Kalshi’s event contracts.
Kalshi will have a prediction contract weighed by the Commodity Futures Trading Commission. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Jun 16, 2023 at 10:57 p.m. UTC
Jun 16, 2023
RegulationsPrediction MarketsBettingPredictItPolymarketCommodity Futures Trading Commission
Commodity Futures Trading Commission CFTC logo (Mark Van Scyoc/Shutterstock)
Policy
Regulations
CFTC Staff Recommends Rejecting Kalshi's US Election Contracts: Bloomberg
Commissioners would still need to vote on the advice.
Commodity Futures Trading Commission CFTC logo (Mark Van Scyoc/Shutterstock)
By Nick Baker
Oct 28, 2022 at 10:18 p.m. UTC
Oct 28, 2022
RegulationsPrediction MarketsCFTC
Kalshi countdown to election markets (kalshi.com)
Policy
Regulations
Prediction Market Kalshi Signals It Sees CFTC's Blessing for Midterm Election Bets
A countdown clock on its website ends today, indicating the service is optimistic regulators will let it offer contracts for the Nov. 8 election.
Kalshi countdown to election markets (kalshi.com)
By Nick Baker
Oct 28, 2022 at 3:56 p.m. UTC
Oct 28, 2022
RegulationsPrediction MarketsUSCFTC
U.S. Capitol building, Washington, D.C. (Jesse Hamilton/CoinDesk)
Policy
Election 2022
Crypto Predictions Site Polymarket Foresees Republicans Winning Both Senate and House
The site is giving an overall 64% chance to Republicans for taking control of Congress.
U.S. Capitol building, Washington, D.C. (Jesse Hamilton/CoinDesk)
By Amitoj Singh
Oct 27, 2022 at 8:22 a.m. UTC
Oct 27, 2022
Election 2022CryptoPrediction MarketsU.S.