Bitcoin $54,380.21 It lingered around $54,000 throughout the day and set a reasonable chart for the weekend. Volumes eased over the last 24 hours as the hours progressed. Altcoins are painted in green as they recover from the local bottom as they begin to come back from the rapid decline experienced at this time yesterday. Intensive work continues for the CFTC.
CFTC and Election Prediction Contracts
Various platforms offer prediction markets, although they are not legal in many parts of the world. Prediction contracts are being launched for crypto investors or on global issues. Kalshi, like Polymarket, had also published a prediction contract for the US elections. The CFTC objected to this. After the judge ruled in favor of the platform, Kalshi shared the following text. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
“We did it! US election markets are coming to Kalshi. Stay tuned for more and God bless America!”
However, the CFTC said that it will use its right to object and that its hands are tied without seeing the court’s reasoned decision, and requested a decision to close the 2-week measure. Also, this section in the objection may be a problem for crypto in the future.
“The relevant contracts could potentially be used in a way that would have a negative impact on electoral integrity or the perception of electoral integrity and could place the Commission in the position of investigating election-related activities.”
Imagine the elections like this Trump is winning and Trump is ahead on crypto prediction platforms until the election is over. Why? Because crypto investors have a biased view because they want him to win. Imagine the looks on the Democrats’ faces when they try to turn this into a Cambridge Analytica-like incident by pounding the tables.
FTX When it collapsed, some politicians were saying that it was dangerous for the fate of the United States. They were claiming that the states that were enemies of the United States were constantly buying weapons with crypto and that most of the crimes in the world were financed with crypto. Of course, they could do that too, and if Kamala Harris wins the election and says “we have overcome such a risk” and gets tough, things could get even more complicated.
Latest US Polls
In the latest polls, Kamala Harris is getting between 47% and 48% of the vote. The competition is fierce in some states, while Trump has to close a significant gap with close to 44% of the vote. Crypto prediction On their platform, Trump is ahead of Harris with 7 percent more votes. Of course, this figure, which does not match the data from platforms such as Reuters and the Guardian, reflects the positive discrimination of crypto for Trump.
In the image above, you can see the change in the vote difference from before August to today.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
