Kalshi: US states have no regulatory authority over prediction markets; Washington state's regulatory actions are a waste of taxpayers' money
According to Odaily, the head of public relations at Kalshi stated that individual U.S. states do not have judicial authority to regulate prediction markets, and several courts, including the federal Third Circuit Court of Appeals, have established this legal boundary through case law.
Kalshi expressed disappointment with Washington State for continuing to devote public financial resources to advancing related regulatory actions and believes that regulatory authority over prediction markets should reside at the federal level.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Saudi Arabia's oil production in October surged by 26%, reaching the highest level since the onset of the conflict, while Brent crude has dropped over 20% this month
OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.
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