Kalshi Pushes for 24/7 Equities Perps Amid Regulatory Turf War
Prediction market operator Kalshi plans to seek U.S. approval for about 60 stock and ETF perps, attempting to bring one of the crypto sector's most popular trading products into traditional equities. The move would allow 24/7 trading on major assets like Tesla and Nvidia, sparking a regulatory turf war on Wall Street over who oversees the novel derivatives.
EU Regulator Targets Kalshi and Polymarket
Across the Atlantic, prediction platforms are facing intense scrutiny. The European Securities and Markets Authority (ESMA) declared that prediction markets are "rife with inside trading." The EU regulator specifically questioned why platforms like Kalshi and Polymarket block certain EU countries while allowing others, noting that traders routinely use VPNs to bypass these geographic restrictions. As global regulatory frameworks rapidly evolve, traders can track platform availability and market data on predictionmarketstools.com to stay ahead of shifting compliance landscapes.
Fed Hike Odds Near 70% Following August CPI Data
Meanwhile, macroeconomic prediction markets are rapidly repricing interest rate expectations. Following a faster-than-forecast 0.3% rise in August Core CPI, markets are moving to price in multiple rate hikes, with hike odds reaching near 70%. The August inflation data took on outsized importance after Fed Chair Kevin Warsh suggested two weeks ago that the central bank may have to act if inflation fails to slow. These macroeconomic shifts have rippled across asset classes, with Brent crude topping $106 and Bitcoin sinking to $77,120 as crypto markets sold off.