Kalshi Hires Obama Staffer, Faces Legal Challenges
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Stephanie Cutter, former Obama staffer and Precision Strategies co-founder, joins Kalshi as policy adviser, bolstering DC ties. Kalshi faces legal challenges over sports event contracts, with states suing and CFTC claiming exclusive control. Democrats in Congress raise concerns over suspicious trades related to Iran invasion. Kalshi implements rules to prevent insider info abuse, as federal bills remain unpassed and state lawsuits await resolution.
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