Washington escalates Kalshi fight as exchanges face comply-or-explain demand
AI summary
US derivatives exchanges are facing a comply-or-explain demand from Washington as the fight over who can block Kalshi's event-contract bets escalates. Separate court holdings have left Kalshi's nationwide access unresolved, so the regulatory picture remains unsettled. Traders in prediction markets and crypto-adjacent derivatives should watch for rulings that could determine whether event contracts stay broadly available.
