Ralph A. Daiuto, Jr.

🚨Kalshi Seeks CFTC Approval to Offer Margin on Event Contracts🚨 Kalshi Klear LLC, Kalshi’s clearinghouse, submitted a request seeking U.S. Commodity Futures Trading Commission approval to begin offering margin for event contracts. There are limitations to the proposed margin framework, including who will be able to utilize it and which event contracts will be eligible for margin. Notably, leverage will not be available for event contracts related to sports contests. The current full collateralization requirement for event contracts has been viewed as a significant obstacle to institutional adoption. Note: The document below appears on Kalshi's website and was reported on by CNBC. I was unable to locate the document on the CFTC's website at the time of this post.

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As 2026 rolls on and prediction markets continue to gain steam, regulatory scrutiny shows no signs of slowing. The CFTC has shifted its stance, joining prediction markets in court and dropping its opposition to sports event contracts, even as legal challenges such as the recent preliminary injunction against Kalshi continue to play out. Digital Sport by Hot Paper Lantern CEO Ed Moed spoke with Bill Speros of Bookies.com about where the space is headed and what these developments mean for the industry as a whole. Read more here: https://lnkd.in/gndwcvmG #predictionmarkets #CFTC  #Kalshi #Robinhood #Polymarket #derivatives

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No matter how much AI impacts the practice of law, the value of lawyers will increasingly be the “human in the loop” for the reasons below. This is why Hook Law hires for experience and #EQ. Technical expertise will be commodotized. “Baby boomers, who accumulated unprecedented wealth during decades of economic expansion and stock-market gains, are now passing this money down. More than $100 trillion will move from older generations to offspring and charities through 2048, according to Cerulli Associates. Around $62 trillion will stem from high-net-worth individuals, who make up around 2% of all households. The task of transferring this wealth, and communicating it with children, can be tricky. That is why delivering the good news was long left to trustees or lawyers, or in envelopes with details of how to access cash. While luxe vacations and private schooling give children clues that they are wealthy, many families don’t share their true net worths, fearful of spoiling them or dimming their motivation to earn. “Hugely wealthy parents should leave their children enough so they can do anything but not enough that they can do nothing,” Berkshire Hathaway’s Warren Buffett wrote in a letter to shareholders. Bankers, estate lawyers and money managers for the superrich said they are increasingly establishing complex trusts for heirs and helping families navigate thorny money conversations. When the details are set, the advisers help tell millionaires’ and billionaires’ children that they will never, ever have to worry about money. Parents sometimes prefer their cadre of advisers be around for the sensitive conversations to signal they are diving into a business matter, even if the first item on the agenda is “update from mom and dad.” U.S. trusts and estates have generated $290 billion in income for beneficiaries this year, on track for a record in data going back to 2003, according to IBISWorld, an industry tracker.”

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