Kalshi vs. New York: A Legal Showdown That Affects Crypto Payroll
Kalshi is in the thick of a legal battle against New York state regulators, and it’s a big deal for prediction markets and crypto payroll. They argue, and rightfully so, that federal law should govern their prediction markets, not some state authority. The stakes are high as this case could influence the regulatory landscape for cryptocurrency payroll in the future.
The Role of Prediction Markets in Crypto Banking
Prediction markets, for those unaware, are platforms where you can trade on the outcomes of future events. Think of it like gambling but with a financial twist. Kalshi is at the forefront, but their struggles with state regulators could be a precursor to similar issues for crypto-related businesses. The question of who…
