New York wants Kalshi stopped. The CFTC is telling it to keep operating.
In this episode of The Daily Wolf, Scott Melker breaks down an escalating fight between state regulators and the federal government over prediction markets after the CFTC invoked emergency authority as New York seeks to block Kalshi’s event contracts.
The immediate battle is over whether prediction markets should be regulated as derivatives or gambling, but Scott explains why the fight could have much larger implications for crypto and other emerging financial markets if federal regulators and individual states continue moving in different directions.
Scott also covers Bitcoin miners selling roughly 28,000 Bitcoin this year, another major crypto exploit, Crypto.com’s expansion into stock derivatives, Kraken’s new leveraged Bitcoin products, and what July’s inflation report means for Chairman Kevin Warsh and the Fed.
Timestamps
00:00 Inflation lands as expected
01:48 What CPI means for Chairman Warsh
03:15 The CFTC steps into the Kalshi fight
04:18 New York vs. federal regulators
05:34 Harmony gets hit by another crypto exploit
06:51 Can a blockchain really roll back a hack?
08:37 Bitcoin miners become Bitcoin sellers
09:46 Why miners are being forced to sell
10:36 Crypto.com pushes into stocks
11:46 What tokenized stocks actually give you
12:46 Kraken expands Bitcoin leverage
13:57 Why leverage can destroy a winning trade
14:19 What markets are watching next
#CFTC #Kalshi #PredictionMarkets #Crypto #Bitcoin #Regulation #NewYork #ScottMelker #TheDailyWolf #YahooFinance
==
AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors.
👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571
source
