What is Kalshi?

The CFTC's emergency authority has been invoked only six times in history, with two of those invocations occurring within approximately one month for Kalshi.

“It seems like this has been invoked six times throughout history. two in the last like month or so by the CFTC for Koshi.”

CME's moat against perpetual futures competitors rests on physical delivery contracts, which attract hedgers with real underlying exposure and the high-frequency traders who follow them.

“The real core value volumes in a contract are the guys that actually use it. the guys who actually take delivery of the oil or the jet fuel or the agricultural commodity and the and they're hedging actual needs and then you kind of get the high frequency traders come on top. But those guys look around for like real they don't want they want some kind of real demand players, not everyone just gaming each other, you know, they so that's what the CME has.”

Kalshi is at the center of an unprecedented CFTC emergency authority dispute that Laura Shin predicts will reach the Supreme Court, making it a key company to watch in the prediction markets regulatory battle.

“I think it's inevitable we'll see this in the Supreme Court before long.”

Kalshi, the prediction market platform whose CEO publicly compared it to a cure for Instagram addiction, is expanding toward real-money wagering and potential integration into Meta social apps.

“Tar Matsur the CEO of Khi recently literally compared gambling on Khi and other prediction markets as the cure to Instagram addiction.”