A New York federal court denied KalshiEX's request for an injunction against state gambling law enforcement on sports-event contracts. The decision allows states to regulate these contracts while federal rules are pending, creating a two-track access risk.
A New York federal court denied KalshiEX's request for a preliminary injunction against state gaming officials enforcing gambling laws on sports-event contracts. The decision allows states to regulate these contracts while federal rules are developed, creating a two-track access risk.
The CFTC approved KalshiEX's Bitcoin perpetual contract, leading CME to sue, arguing it should be classified as a swap. This decision blurs lines between futures, sports betting, and crypto trading, with potential for significant market shifts.
Hyperliquid's HYPE token reached a new all-time high of $68.64, driven by ETF inflows, CFTC approval of Bitcoin perpetual futures, and Wall Street recognition. This reframes HYPE as a public market proxy for derivatives infrastructure.
