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Boosted by jsonstein@masto.deoan.org ("Jeff Sonstein"):
molly0xfff@hachyderm.io ("Molly White") wrote:

The CFTC has dropped its appeal, ending a case against the Kalshi (non-crypto-based) prediction markets platform over its election betting markets. Donald Trump Jr. joined Kalshi as an adviser in January.

#crypto #cryptocurrency #USpolitics #USpol

In regulators The CFTC has dropped its appeal of a September 2024 decision that found the regulator had overstepped when they blocked Kalshi, a non-crypto-based prediction markets company, from offering betting markets on US elections [I66].2930 President Trump’s son, Donald Trump Jr., joined Kalshi as a senior adviser in January 2025. FinCEN has designated the Cambodian Huione marketplace and payment services provider a “primary money laundering concern”. Last year, blockchain research firm Elliptic reported that the firm enabled romance scams and other illicit activity [I62]. The Treasury Department seems to agree, with Treasury Secretary Scott Bessent adding that “Huione Group has established itself as the marketplace of choice for malicious cyber actors like the DPRK and criminal syndicates, who have stolen billions of dollars from everyday Americans”.31