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Kalshi is a high-tech prediction market that allows people to “predict the future” (their time). It’s about contracts and knowledge, the company says, making its offering more like a soybean futures contract than a round of blackjack or a draw. one armed robber.
However, prediction markets look like betting if you look at them, which is why states like New York have them tried to control them under gambling laws. To remedy this, Kalshi sought government protection under the Commodity Futures Trading Commission (CFTC). Yes, this means Kalshi’s rule, and it also means the CFTC will He opposes states like Kentucky, Minnesota, Illinois, and Rhode Islandattempting to eliminate their regulations in favor of a single national standard overseen by the CFTC.
Although this war is going on, the people of the government continue to create stories of insider trading after using the knowledge of the work bets “Fortune teller” and make a lot of money. A prime example, of course, was Gannon Ken Van Dyke, a US soldier who took part in the plot to overthrow Nicolas Maduro of Venezuela later. he made $410,000 from that information at the Polymarket forecast site. Van Dyke was arrested in April.
