Everyone Wants a DCM. Why Is Kalshi Still Losing? - DEX in the City

Description

Kalshi has lost 19 of its last 23 prediction market rulings, and New York just opened a new civil enforcement action that could push the fight toward the Supreme Court. Jessi Brooks lays out the scoreboard, and Katherine Kirkpatrick Bos explains what a designated contract market actually is, and why builders are racing to acquire one instead of applying for a new license. 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 https://www.linkedin.com/in/jessi-brooks-8289ab32/ 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 courtroom losing streak and the race to acquire a designated contract market. Full episode here: https://youtu.be/Z7Rb_pwTwQw We go live every Tuesday - subscribe to catch it live. 👉 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 Why the hosts can't avoid talking about Kalshi this week ⏸️ 01:13 What a preliminary injunction actually blocks 📊 02:38 The scoreboard: Kalshi's lost 19 of 23 rulings ⚖️ 03:41 Why a circuit split makes this Supreme Court bound 🏛️ 09:58 Why this isn't a Watergate level emergency 📜 11:11 DCM, decoded: the license every prediction market needs 🌐 12:17 Polymarket's backdoor into the US via a DCM acquisition _______________________________________________________ #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!