Why Kalshi's Rough Week Could Reach the Supreme Court: DEX in the City

Description

Kalshi had a brutal week. Sued by Michigan over sports event contracts, hit with a restraining order, then rescued by a CFTC emergency power invoked only four times in the agency’s history. Katherine Kirkpatrick Bos, Jessi Brooks, and Vy Le trace how a state lawsuit turned into a federalism fight bound for the Supreme Court, why Kalshi also pulled its flight cancellation contracts under public backlash, and the insider-trading allegation swirling around a Trump teleprompter operator. Hosts: Katherine Kirkpatrick Bos, Host of DEX in the City and General Counsel of Chainlink - https://x.com/kkirkbos Jessi Brooks, Co-host of DEX in the City and General Counsel of Ribbit Capital Vy Le, Co-host of DEX in the City and General Counsel of Veda - https://x.com/TuongvyLe12 This clip is from a longer conversation on Kalshi's CFTC showdown and prediction market regulation. Full episode here: https://youtu.be/Aq7l3O7v6nM We go live every Tuesday at 12pm ET - subscribe to catch it live. Sponsor: Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at https://cape.co/unchained (use code: UNCHAINED). Chapters 🎙️ 00:00 Kalshi's rough week begins: a Michigan lawsuit over sports event contracts 🗂️ 05:31 Why the CFTC's break glass emergency power has only been invoked four times ever ⚖️ 13:37 Why Kalshi pulled its flight cancellation contracts under public backlash 🕵️ 17:37 The insider trading allegation involving Trump's longtime teleprompter _______________________________________________________ #bitcoin #ethereum #crypto #cryptocurrencies ++++++++++++++++++++++++++++++++++++++++++++++++ Subscribe to our channel! Website → https://unchainedcrypto.com Unchained Daily Newsletter (FREE!)→ https://unchainedcrypto.beehiiv.com/subscribe/ Unchained X → https://x.com/unchained_pod Apple → https://podcasts.apple.com/us/podcast/id1123922160?ls=1 Spotify → https://open.spotify.com/show/1cJrrfGY1SKBIRn5noKSAf?si=6SI4qIcRTEO7EhOe0V9n4w RSS Feed → https://feeds.megaphone.fm/LSHML4761942757 Unchained: Your no-hype resource for all things crypto!