The Kalshi Crucible: Why the CFTC vs. State Court Battle Exposes the Death Knell of ‘Compliant Crypto’
It started like any other Tuesday in the crypto legal subreddit. A docket update, a dry press release from the Commodity Futures Trading Commission (CFTC), and suddenly, the entire narrative arc of "regulated, compliant" prediction markets was thrown into crisis. On [insert date if known, otherwise use "last week
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