American financial derivatives exchange operator
Kalshi has launched U.S. trading of perpetual futures, marking a milestone for the platform after regulatory approval. In the first 24 hours, volume surpassed $100 million, eventually crossing $1 billion within a week as traders flock to perps that track asset prices with no expiration date.
Courts have blocked Minnesota’s prediction market ban, while federal agencies push for broader regulation and states push back. The cases test federal preemption versus state gambling authority, with ongoing litigation and potential appeals shaping the future of event-contract markets.
Brent crude has fallen about 8–9% to below $88–$92 a barrel after prices briefly topped $100 last week. The drop follows pauses in US–Iran strikes and reports that both sides have halted attacks to allow diplomacy. Markets remain volatile because shipping through the Strait of Hormuz and the Red Sea is still disrupted and analysts warn supply risks and inflationary pressure persist.
The Federal Reserve has left the federal funds rate at 3.5%-3.75%, a move that comes despite dissent from three regional Fed presidents who favored a quarter-point hike. The decision maintains the policy stance set in December and signals no immediate change, even as inflation remains above target and markets weigh the path ahead. Warsh emphasizes that bringing inflation down remains the committee’s priority.