Prediction Markets Face Crypto-Style Crackdown as Kalshi Battles Regulators Nationwide
NegativeCryptocurrency

A new wave of regulatory scrutiny is hitting prediction markets, similar to the challenges faced by cryptocurrencies in the past. Kalshi, a federally regulated exchange for event contracts, is at the forefront of this battle, backed by major investors like Sequoia and Charles Schwab. This crackdown could significantly impact how prediction markets operate, raising concerns about their future and the broader implications for investors and the market landscape.
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