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CFTC Waves White Flag—Kalshi’s Regulatory Battle Ends With Regulator Dropping Appeal
CFTC Waves White Flag—Kalshi’s Regulatory Battle Ends With Regulator Dropping Appeal
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After months of legal wrangling, the CFTC just folded its hand against prediction market platform Kalshi—no appeals, no last-minute drama. Guess even regulators get tired of fighting losing battles.
Behind the scenes: This marks a quiet victory for event-based trading platforms trying to navigate the CFTC’s "innovate-but-don’t-really" approach to market regulation. The agency spent taxpayer dollars arguing Kalshi’s political contracts were too risky—right before quietly slinking away.
Why it matters: When watchdogs back down, it creates breathing room for other crypto-adjacent platforms pushing boundaries. Just don’t expect the CFTC to admit defeat—they’ll call this "strategic prioritization" by lunchtime.
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