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Utah prosecutors accuse Kalshi and its co-founders of promoting online gambling, totaling 14 counts.Kalshi denies the allegations and says it will contest the case in court;CFTC previously sued Utah.
Cointime said that the previously reported weekly trading volume of Kalshi and Polymarket crypto event contracts, 2700000000 USD was corrected to 270000000 USD，15-minute Bitcoin up/down contract activity increased.
BlockBeats reports that Utah Attorney General Derek Brown has sued Kalshi, its affiliates, and Susquehanna trading companies, and has sought disgorgement of approximately 30000000 to 60000000 USD in profits.
CFTC Proposes including event contracts involving sports, politics, culture, and weather within the definition of “swap” and soliciting public comments for 30 days; it also clarifies that casino-style gambling products are not swaps.
Polymarket has filed a lawsuit with the Hague court seeking to overturn the Dutch ban and restore market access. The dispute centers on whether event contracts should be regulated by AFM or the Ksa.
CFTC The two proposed event-contract rules that were submitted are under review by the White House Office of Information and Regulatory Affairs, addressing whether event contracts qualify as “swaps” and how they should be distinguished from gambling products.
PANews, citing The Block, reported that the United States CFTC has submitted two rule proposals to the White House, intending to define whether event contracts and casino-style gaming products constitute swaps.
Jinse Finance published a roundup of major international and domestic news involving South Korea’s investment in artificial intelligence, Kalshi litigation, a stablecoin initiative,AI a hearing, U.S. regulation, and a cross-border telecom fraud case in Beijing.
PA The daily summary states that Kraken's parent company is investing billions USD in financial infrastructure; Kalshi has received court support to continue operating its event contracts business in Ohio and Tennessee. The report also mentions THORChain's response to questions about processing hacker funds.
The Sixth Circuit Court of Appeals ruled that Kalshi may continue operating its event contracts business in Ohio and Tennessee.
Robinhood's CEO said crypto event contracts have captured a considerable share of its prediction market business and are expected to surpass sports-related contracts in the future; the company's Q2 event contract revenue increased more than 10 times year over year to 156 million USD.
Robinhood CEO Vlad Tenev said crypto-related prediction contracts are continuing to gain share on its platform and could surpass traditional sports contracts in the coming years.