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Top related persons:
Jia Cobb - 1 “ - 1 ” Cobb - 1 Kalshi - 1 Rostin Behnam - 1 Luana Lopes Lara - 1 ” - 1 Stephen Voss - 1
Top related locs:
United States Washington , Kalshi New York U.S Wall Silicon San Francisco
Top related orgs:
Futures Trading Commission - 2 Futures - 2 CNN - 1 Senate - 1 DC - 1 Kalshi - 1 CFTC - 1 The Wall Street Journal WASHINGTON - 1

Search resuls for: "Kalshi"


6 mentions found


☆ Federal judge allows prediction market Kalshi to offer betting on upcoming US elections
  + stars: | 2024-09-12 | by ( Piper Hudspethblackburn | Piper Hudspeth Blackburn | ) edition.cnn.com   time to read: +3 min
CNN —A federal judge made way on Thursday for legal political gambling in the United States, rejecting a federal watchdog’s last-minute effort to delay a prediction market from offering bets on the November elections. She also denied a request by the government during Thursday’s hearing to block Kalshi from offering contracts pending its appeal. The CFTC has argued that the contracts count as illegal gambling and that it doesn’t have the resources to monitor them. Its chairman, Rostin Behnam, has also warned that election contracts would “ultimately commoditize and degrade the integrity” the electoral process. Luana Lopes Lara, a co-founder of Kalshi, celebrated the decision on Thursday, writing on X, “WE’RE LIVE.” The CFTC declined to comment.
Persons: Jia Cobb, “, ” Cobb, Kalshi, Rostin Behnam, Luana Lopes Lara, ” Organizations: CNN, Senate, Futures Trading Commission, DC, Kalshi, CFTC Locations: United States, Washington ,, Kalshi, New York
☆ Trading Startup Sues Regulator in Effort to Launch Election-Betting Market
  + stars: | 2023-11-01 | by ( Paul Kiernan | ) www.wsj.com   time to read: 1 min
The Commodity Futures Trading Commission rejected a recent proposal to launch a derivatives market tied to congressional election results. Photo: Stephen Voss for The Wall Street JournalWASHINGTON—An online-trading startup is suing the federal government after regulators blocked its plan to let people bet on U.S. elections. The company, Kalshi, said in a complaint filed Wednesday in the U.S. Court of Appeals for the D.C. Circuit that the Commodity Futures Trading Commission was “arbitrary, capricious and otherwise contrary to law” when it rejected the proposal to launch a market for derivatives tied to results of congressional elections.
Persons: Stephen Voss Organizations: Futures Trading Commission, The Wall Street Journal WASHINGTON, U.S ., Appeals, Circuit, Futures Locations: U.S
☆ US investors can't place wagers on the 2024 election, financial watchdog rules
  + stars: | 2023-09-25 | by ( George Glover | ) www.businessinsider.com   time to read: +2 min
US investors won't be able to bet directly on the 2024 Congressional elections. The ruling comes with Wall Street readying for a tight election battle next year. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The regulator has previously thrown out election-based derivatives contracts, ruling back in 2012 that a similar offering created by the Nadex exchange was also against the public interest. The ruling comes with both Main Street and Wall Street readying for a tight election battle next year.
Organizations: Service, Futures, Commission, Republican, Democrats Locations: Wall, Silicon
☆ The 30 early-stage startups most likely to become tech's next unicorns, according to a proprietary AI model known as 'Moneyball for VC'
  + stars: | 2023-08-15 | by ( Ben Bergman | ) www.businessinsider.com   time to read: +5 min
The firm developed a propriety model that uses AI to predict which early-stage startups are most likely to become unicorns, which are companies valued at more than a billion dollars. "Our AI eliminates about 99% of all early-stage companies from consideration, because our data predicts these companies have a higher probability of failure." Another surprising thing about TRAC's model is it does not value founders as predictive. "Similar vintage early-stage VCs would have had upwards of 20% of their portfolio be false positive within the first few years. Here are the 30 companies TRAC's model identified as being the next unicorns, in alphabetical order, all with a valuation of less than $250 million.
Persons: Fred Campbell, Joseph Aaron, Scott Pyne, Steve Marek, Dick Fredericks, Aaron, Sam Altman, MBAs, Angel SuperForecasters, Campbell Locations: San Francisco
☆ FTX's LedgerX attracts interest from Blockchain.com, Gemini- Bloomberg
  + stars: | 2022-12-03 | by ( ) www.reuters.com   time to read: +1 min
Dec 2 (Reuters) - FTX's digital currency futures and clearinghouse LedgerX is up for sale and has attracted interest from crypto firms including Blockchain.com, Gemini, Bitpanda and Kalshi, Bloomberg reported on Friday, citing people familiar with the matter. There could be over half a dozen other potential buyers for the crypto derivatives exchange, the people told Bloomberg, adding that some of the interested parties have signed non-disclosure agreements. Blockchain.com, Gemini and Bitpanda did not immediately respond to Reuters' request for comment, while Kalshi could not be reached for comment. FTX US acquired it last year to expand into crypto futures and options trading. Reporting by Jyoti Narayan in Bengaluru; Editing by Sandra Maler and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.
☆ Regulators Weigh Whether to Allow Betting on Midterms
  + stars: | 2022-10-26 | by ( Paul Kiernan | ) www.wsj.com   time to read: 1 min
Betting on elections was once common in the U.S., sometimes exceeding the volume of stock trading, one research team found. WASHINGTON—Derivatives exchange Kalshi Inc. is ready to let users bet on next month’s midterm Congressional election, with a timer on its website counting down the days, hours and minutes until the first U.S.-based election-betting market goes live. But the plan carries an asterisk: “pending regulatory approval.”
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