Prediction Markets Report

I always like to ask guests where they think the prediction markets industry is headed. Even in the few months since I interviewed @BlondiePredicts, her answer is already proving accurate.

The meetings were disclosed in the comments for the CFTC's request for public comments on the "Extension of Standard Futures Contracts to 24/7 Trading and on Perpetual Contracts Referencing Physically Delivered or Storable Energy Commodities."

The CFTC met with 11 entities regarding "concerns, costs, and risks of 24/7 trading in energy." The entities included: ExxonMobil bp FIA Board Clearing Members Vitol Kinder Morgan Castleton Commodities International Oxy (Occidental Petroleum) Shell CCRO Valero Energy Transfer

@0xperp explains one use case for the indices and benchmarks @adjacent___ is building for prediction markets. Link to the full episode in the comments.

John Lothian joins Prediction Markets Report to share his perspective on prediction markets, the CFTC, and perpetuals. While we have different perspectives, I appreciated the opportunity to discuss the reasoning behind his positions. 🎧 Listen here: lnkd.in/e9VwmhTA

Link to full episode: open.spotify.com/episode/2olyuk…

Is the CFTC a consumer protection agency? It is not. Carl Kennedy explains the limits of the CFTC's mandate and how those limits affect the protections the agency can and cannot require.

🎙️ New Episode Alert 🎙️ In this episode of Prediction Markets Report, Carl Kennedy, Partner at Katten, joins to discuss: • The CFTC's Regulatory Agenda • Insider Trading Enforcement and Jurisdictional Challenges • Perpetuals: Futures or Swaps? open.spotify.com/episode/2olyuk…

🎙️New Episode Alert 🎙️ In this episode of Prediction Markets Report, I speak with @AlexWGoldenberg, an expert on national security and emerging threats. 🎧 Listen here: open.spotify.com/episode/2xezez…

That’s my government 🥹♥️

🚨 ANPR Comment Alert🚨 NFLPA, MLBPA, NBPA, NHLPA, and MLSPA have submitted a comment. Core concerns: 1. Protecting Athlete Safety 2. Ensuring Full Due Process Rights in Investigations 3. Protecting Athletes' Personal Health Information and Performance Data. #predictionmarkets

🎙️ New Episode Alert 🎙️ In this episode of Prediction Markets Report, I speak with @BlondiePredicts, founder of @KalshiGirls, MUSE Markets, and Fifty One Alpha. 🎧 Listen here: open.spotify.com/episode/5yesZu…

Kalshi self-certified a new event contract related to media consumption. Notably media: "includes, but is not limited to: a specific song or track, an album, an EP, a playlist, a music video, a film, a television series or episode, a podcast or podcast episode, an audiobook"

Attorney General Kris Mayes has filed criminal charges against Kalshi.

NEW: Senator Chris Murphy is introducing new prediction market legislation today. Preliminary press release: U.S. Senator Chris Murphy (D-Conn.) and U.S. Representative Greg Casar (D-Texas-35) on Tuesday, March 17 at 10:30am will hold a press conference to introduce the Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act, bicameral legislation to ban wagering on government actions, terrorism, war, assassination, and events where an individual knows or controls the outcome. Responding to alarming reports that prediction market accounts – likely owned by government insiders – placed large bets in the hours leading up to both the Venezuela operation and the initial Iran strikes, Murphy and Casar’s BETS OFF Act would put a stop to these corrupt wagers, crack down on prediction markets that flout the law with offshore platforms, and reject the idea that we should commodify every part of our lives.

Tomorrow on Cheeky Pint: @mansourtarek_ and @luanalopeslara of @kalshi join @matthuang and me to explain how they sued the US government to legalize election prediction markets, and won.