One may reasonably argue that the massive customer losses resulting from the FTX fraud might have been averted (or at least materially reduced) had investors been able to custody their crypto assets with banks.  

Comptroller Hsu was a proponent of policies supporting DEI and climate risk regulation of banks (). He also emphasized perceived risks of crypto (). The transition from Mr. Hsu to Mr. Hood will have significant policy consequences. 

The permissible scope of prediction markets is, from both a legal and a policy standpoint, a fascinating question.  

Recently, the focus has been on prediction markets concerning the elections. Elections have material economic consequences, which would justify having prediction markets on the outcome. Further, the prediction markets seemed to produce good results, at least better than some of the polls.  

Beyond predictions about elections, many of the…

The Superbowl contract puts front and center a very important question: is there any inherent difference between an event contract and a bet on a sporting event, or on anything else? Should futures exchanges be permitted to offer contracts on any event, or only events that have economic significance (outside of the contract itself)?  

Below is a list of some of the contracts that are presently available to trade on Kalshi: