The CFTC just overruled New York

New York wants Kalshi stopped. The CFTC is telling it to keep operating. In this episode of The Daily Wolf, Scott Melker breaks down an escalating fight between state regulators and the federal government over prediction markets after the CFTC invoked emergency authority as New York seeks to block Kalshi's event contracts. The immediate battle is over whether prediction markets should be regulated as derivatives or gambling, but Scott explains why the fight could have much larger implications for crypto and other emerging financial markets if federal regulators and individual states continue moving in different directions. Scott also covers Bitcoin miners selling roughly 28,000 Bitcoin this year, another major crypto exploit, Crypto.com's expansion into stock derivatives, Kraken's new leveraged Bitcoin products, and what July's inflation report means for Chairman Kevin Warsh and the Fed. Timestamps 00:00 Inflation lands as expected 01:48 What CPI means for Chairman Warsh 03:15 The CFTC steps into the Kalshi fight 04:18 New York vs. federal regulators 05:34 Harmony gets hit by another crypto exploit 06:51 Can a blockchain really roll back a hack? 08:37 Bitcoin miners become Bitcoin sellers 09:46 Why miners are being forced to sell 10:36 Crypto.com pushes into stocks 11:46 What tokenized stocks actually give you 12:46 Kraken expands Bitcoin leverage 13:57 Why leverage can destroy a winning trade 14:19 What markets are watching next #CFTC #Kalshi #PredictionMarkets #Crypto #Bitcoin #Regulation #NewYork #ScottMelker #TheDailyWolf #YahooFinance == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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