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Telo News - Crypto | DeFi | Web3

Telo News - Crypto | DeFi | Web3

@telonews

The latest and biggest crypto news about how Bitcoin, blockchain, DeFi, and Web3 are shaping our world.

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Post #13805 10.4K
Kalshi, a U.S. prediction market platform, has seen sanctions from state regulators temporarily halted by a court ruling in its dispute with Connecticut.

Kalshi argues that its products are not illegal gambling but derivatives regulated by federal financial authorities, and the lawsuit is expected to continue into early 2026.

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Post #13801 12.6K
Connecticut’s Department of Consumer Protection has ordered Robinhood, Crypto.com, and the prediction market Kalshi to stop selling sports event contracts and allow residents to withdraw their funds.

Now, the U.S. states that have issued cease-and-desist orders against Kalshi’s sports prediction market are Nevada, Connecticut, New Jersey, Arizona, Maryland, Illinois, Montana, Ohio, New York, and Massachusetts.

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Post #13796 10.2K
The People’s Bank of China announced it will once again tighten its crackdown on cryptocurrency trading, which has been banned since 2021, citing a resurgence of speculation and the need for risk control.

The bank reaffirmed that cryptocurrencies such as Bitcoin are not legal tender and that related business activities constitute illegal financial activities.

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Post #13794 12K
Here is today's news related to prediction markets.

- Robinhood is launching a new futures and derivatives exchange, expanding its foray into prediction markets.
- The CFTC announced it has approved Polymarket to operate in the United States.
- As of the 24th, the volume share is Kalshi (35.1%), Polymarket (34.0%), and Opinion (29.5%).

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