Prediction markets just had their biggest month ever — and their worst week in court. ⚖️
Kalshi took 82% of a record $72.3B in combined prediction-market volume in September — 16x the level a year ago. But on Nov 3, a US appeals court denied Kalshi and Coinbase interim protection from state enforcement in New York and Connecticut, and Arkansas became the 7th state to sue Kalshi, calling its sports contracts unlicensed gambling.
The takeaway: prediction markets are now too big to ignore — and too big to stay unregulated. The fight is federal vs state, and the outcome shapes every crypto-adjacent market.
Do you think prediction markets are trading or gambling? 👇
#PredictionMarkets #Kalshi #Crypto
Kalshi took 82% of a record $72.3B in combined prediction-market volume in September — 16x the level a year ago. But on Nov 3, a US appeals court denied Kalshi and Coinbase interim protection from state enforcement in New York and Connecticut, and Arkansas became the 7th state to sue Kalshi, calling its sports contracts unlicensed gambling.
The takeaway: prediction markets are now too big to ignore — and too big to stay unregulated. The fight is federal vs state, and the outcome shapes every crypto-adjacent market.
Do you think prediction markets are trading or gambling? 👇
#PredictionMarkets #Kalshi #Crypto