Kalshi denies a CFTC probe as Democrats call for a public hearing on prediction markets
Kalshi told CoinDesk the CFTC has not contacted it and that the repeated USD 5,500 trades in its ether futures come from liquidity incentives.
Every Democrat on the Senate Banking Committee asked committee chair Tim Scott for a public hearing on prediction markets. Today the committee's Republicans met privately with Kalshi CEO Tarek Mansour, according to The Block.
Patrick Witt, the White House crypto adviser, blamed Democrats and banks for the Clarity Act's defeat in the Senate and said the work now shifts to regulators such as the SEC, according to CoinDesk. A financial disclosure filed today shows Trump's accounts bought up to USD 115,000 in Strategy shares in July, according to Unchained.