Kalshi, a startup predictions market where people can place wagers on real-world events, had sued the Commodities Futures Trading Commission (CFTC) for seeking to block it from offering a market for election outcomes. “The CFTC’s order exceeded its statutory authority,” District Court Judge Jia Cobb wrote in an opinion released today. “Kalshi’s contracts do not involve unlawful activity or gaming. They involve elections, which are neither.”
~This episode is sponsored by iTrust Capital~
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00:00 intro
00:18 Sponsor: iTrust Capital
00:48 Elizabeth Warren vs Predicion Markets
01:22 Polymarket
02:04 Kalshi Goes Live!!
02:57 Judge Jia Cobb
03:20 Judge Destroys Gaming Argument
04:03 Judge Destroys War Argument
04:21 CFTC Had No Right To Even Interpret Law
04:39 Judge Conclusion
05:22 Polygon Explodes
06:16 outro
#Crypto #ethereum #Cryptocurrency
~Judge Destroys Elizabeth Warren & CFTC🔥 Prediction Markets Officially Legal!!🚀~
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