Kalshi

On October 29, 2026, Intercontinental Exchange, owner of the New York Stock Exchange, and Trade.xyz announced a definitive agreement to bring Trade.xyz’s perpetual markets into the United States, subject to regulatory approvals. ICE will exclusively operate the regulated markets and make a strategic investment, according to the joint release. The proposed retail venue would use Hyperliquid infrastructure with a dedicated clearing structure, separate from ICE’s institutional futures and clearing operations. Reporting describes ICE’s investment as a minority stake with undisclosed terms; no launch date has been given, and the announcement did not disclose a CFTC application, as Unchained reported. ...

Utah became the tenth state sued by the CFTC over prediction markets, in a federal case announced October 27 that asks a court to block state gambling enforcement against federally regulated exchanges. The expanding lawsuit count measures the size of the jurisdictional fight; it does not establish that the CFTC has won it. Two lawsuits, one week apart The CFTC’s announcement puts the agency and the United States, through the Justice Department, on the offensive. Their case against Utah and Attorney General Derek Brown is in the US District Court for the District of Utah, No. 2:26-cv-01055. ...

Phantom’s March regulatory letter now has a US trading interface. On October 23, the wallet began a staged rollout of Kalshi prediction markets, turning conditional relief from broker registration into a way to trade inside the app. The interface brings the market closer; the money backing a position still leaves the wallet’s self-custody perimeter. In Phantom’s launch announcement, General Counsel Kevin Jacobs says access will expand over the coming weeks through its first US integration with Kalshi. Phantom explicitly says it is not CFTC-registered. KalshiEX LLC offers the markets. ...

The exchange that taught crypto how to trade leverage with no expiry is no longer an exchange. BitMEX stopped trading, deposits and new positions at 04:00 UTC on September 23, 2026, ending an 11-year run — and the wind-down is not finished for anyone who left a balance behind. CoinDesk confirmed the shutdown, and BitMEX’s own closure notice set the terms months in advance. For US readers the story is less about a price event than about a structural one: the venue that invented the perpetual swap was the venue Americans were never allowed to use in the first place, and the product it popularized is only now arriving onshore. ...

On August 13, the City of Baltimore sued prediction-market platforms Kalshi and Polymarket, opening what legal observers are calling the first case in which a US city government has taken prediction markets to court. The lawsuit pulls three of the biggest names in American retail investing into the fight, because Kalshi runs event-contract offerings through Coinbase, Robinhood, and Webull. For US crypto investors, the case matters far beyond one city: it will help decide whether sports-style event contracts belong under federal CFTC oversight or under a patchwork of state gaming laws. ...