Crypto

U.S. CFTC Chair Behnam Says Regulator Will Keep Pursuing Kalshi Case

Following the U.S. Commodity Futures Trading Commission’s recent court setback in its legal battle against Kalshi’s election contracts, Chairman Rostin Behnam has affirmed that the agency will persist in its efforts to address what it deems as unlawful practices.

The regulatory agency faced a defeat last week in its attempt to regulate Kalshi’s innovative election markets, which allow users to bet on various political outcomes. Despite this setback, Chairman Behnam has made it clear that the CFTC remains committed to challenging what it views as illicit activities within the platform.

Although the legal battle has encountered obstacles, the CFTC’s determination to enforce regulations in the emerging field of prediction markets remains steadfast. The agency’s ongoing pursuit of the Kalshi case signals its intent to uphold the integrity of financial markets and protect investors from potential risks associated with unregulated trading practices.

As the controversy surrounding Kalshi’s election contracts continues to unfold, the CFTC’s resolve to address alleged violations underscores its role as a vigilant guardian of market integrity and investor protection.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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