Prediction market platform Kalshi has hired Stephanie Cutter, a former Obama administration staffer, as a policy adviser. The move comes as the company faces legal scrutiny from state authorities and the CFTC.
- Kalshi hires Stephanie Cutter, a former Obama staffer, as policy adviser.
- Cutter’s background in Democratic politics is expected to bolster Kalshi’s regulatory and political outreach.
- The company faces lawsuits from state authorities and the CFTC over its prediction market operations.
- Kalshi and Polymarket have introduced guardrails to address insider trading concerns.
- Legislative proposals to ban political betting by politicians are under consideration in Congress.
- No proposed bills have been signed into law, and the outcome of ongoing lawsuits remains uncertain.
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