CFTC shields Kalshi as DoubleZero Solana feed launches and NYC opens probe
The CFTC used emergency authority to keep Kalshi operating nationwide as the exchange rolled out a low-latency DoubleZero/Solana data feed and the New York City Council opened a probe into its marketing.
On August 11, the CFTC invoked emergency powers under the Commodity Exchange Act to order KalshiEX to continue nationwide operations after New York Attorney General Letitia James sued the platform, seeking to halt its event contracts and claim more than $36 billion in damages, according to coverage from Yahoo Finance, Decrypt and Bitcoin.com. The agency warned that a shutdown could disrupt a federally regulated derivatives market.
At the same time, Kalshi launched a real-time market data feed with Solana-based DoubleZero Edge, making its sports and crypto perpetual futures order books available over a dedicated low-latency fiber network with Level1 and Level2 depth, as reported by CoinDesk, Cointelegraph and crypto.news.
Separately, the New York City Council opened an investigation into alleged deceptive or predatory marketing by Kalshi, Polymarket, Coinbase and Gemini Titan, sending letters that give the firms14 days to detail their New York user counts, revenues and advertising tactics, per CNBC, Yahoo Finance and Cointelegraph.
Next to watch are court decisions in New York's lawsuit against Kalshi and any further CFTC moves in its broader fight with state regulators, as well as how the NYC Council's probe translates into advertising rules while institutions test Kalshi's new DoubleZero Solana feed.
The CFTC used emergency authority to keep Kalshi operating nationwide as the exchange rolled out a low-latency DoubleZero/Solana data feed and the New York City Council opened a probe into its marketing.
On August 11, the CFTC invoked emergency powers under the Commodity Exchange Act to order KalshiEX to continue nationwide operations after New York Attorney General Letitia James sued the platform, seeking to halt its event contracts and claim more than $36 billion in damages, according to coverage from Yahoo Finance, Decrypt and Bitcoin.com. The agency warned that a shutdown could disrupt a federally regulated derivatives market.
At the same time, Kalshi launched a real-time market data feed with Solana-based DoubleZero Edge, making its sports and crypto perpetual futures order books available over a dedicated low-latency fiber network with Level1 and Level2 depth, as reported by CoinDesk, Cointelegraph and crypto.news.
Separately, the New York City Council opened an investigation into alleged deceptive or predatory marketing by Kalshi, Polymarket, Coinbase and Gemini Titan, sending letters that give the firms14 days to detail their New York user counts, revenues and advertising tactics, per CNBC, Yahoo Finance and Cointelegraph.
Next to watch are court decisions in New York's lawsuit against Kalshi and any further CFTC moves in its broader fight with state regulators, as well as how the NYC Council's probe translates into advertising rules while institutions test Kalshi's new DoubleZero Solana feed.