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

A new regulatory storm is forming, and this time it’s not cryptocurrency, but prediction markets. Just as digital assets once collided with the gray zone between commodities, securities, and gambling, the same fault lines are now opening beneath Kalshi, the federally regulated event-contract exchange backed by investors from Sequoia to. . . source: https://99bitcoins.com/news/altcoins/prediction-markets-face-crypto-style-crackdown-as-kalshi-battles-regulators-nationwide/