Kalshi launched cash-settled Bitcoin perpetual contracts in the US after the CFTC approved the product, according to the report. The contracts track Bitcoin spot prices and have no fixed expiry; the report says the launch is a first for US firms.
The CFTC-approved contracts add a US Bitcoin product that tracks spot prices without a fixed expiry.
The day’s most important stories, free. One email a day.
The CFTC’s first Innovation Advisory Committee meeting examined prediction market manipulation risks, citing Casino.com. CME Group CEO Terry Duffy alleged that some of the 2,500 self-certifications since January 2025 breached manipulation standards. CFTC Chairman Michael Selig disputed an example involving Nicolás Maduro, saying the products never listed and trading occurred offshore.
US President Donald Trump urged Congress to pass the Clarity Act at a White House meeting with cryptocurrency and financial-industry executives. Prediction-market representatives were not invited, and a person familiar with the meeting said the administration had decided to focus on crypto; the CFTC’s Innovation Advisory Committee was due to meet the following day.
US President Donald Trump plans to meet prediction market and cryptocurrency company executives at the White House on 19 August, citing Bloomberg. Expected attendees include executives from Polymarket and Kalshi, alongside Commodity Futures Trading Commission chairman Michael Selig.
The CFTC issued an emergency order in Kalshi's New York dispute, which Kalshi cited in its Second Circuit appeal. A Connecticut federal judge denied Kalshi's preliminary injunction request, and Washington finalised an injunction requiring geofencing by 2 September. New York City opened an investigation into Polymarket, Kalshi, Coinbase and Gemini Titan.
The New York City Council has launched an investigation into four prediction market platforms over their advertising practices and potential targeting of minors. Polymarket, Kalshi, Coinbase and Gemini Titan have been asked to disclose details about their users, advertising practices and influencer marketing.