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Door Remote - 29 Oct 2026
Today in crypto, prediction market platform Kalshi raised $1 billion at a $40 billion valuation, cryptocurrency exchange HTX agreed to halt unlawful promotions in the UK following legal action by the Financial Conduct Authority and CFTC Chair Michael Selig outlined a future where AI-powered refrigerators could stake Ether and launch memecoins.
Kalshi hits $40 billion valuation after $1 billion funding roundPrediction market platform Kalshi has raised $1 billion at a $40 billion valuation, nearly doubling since May as it expands beyond sports contracts.
Wellington Management and Sequoia Capital co-led the Series G round, Reuters reported Thursday. Kalshi also disclosed that its non-sports markets have surpassed $1 billion in annualized revenue, according to The Wall Street Journal.
The latest financing follows a $1 billion raise in May that valued Kalshi at $22 billion. The platform has since recorded approximately $15.8 billion in trading volume over the past 30 days, according to DefiLlama.
Kalshi is also expanding its commercial partnerships. Earlier this week, the NBA named Kalshi and rival Polymarket as preferred prediction market exchanges, while S&P Dow Jones Indices partnered with Kalshi to introduce financial benchmarks to event contracts.
The expansion comes amid mounting legal scrutiny of Kalshi’s sports contracts. Utah filed criminal charges against the company and its co-founders Wednesday over alleged illegal gambling activities, escalating a dispute over whether prediction markets fall under federal derivatives oversight or state gambling laws. The Commodity Futures Trading Commission has separately moved to block Utah’s enforcement efforts.
HTX agrees to halt unlawful UK crypto promotions after FCA caseCryptocurrency exchange HTX has agreed to stop unlawfully promoting its services to consumers in the United Kingdom under a settlement announced Thursday by the Financial Conduct Authority (FCA).
Huobi Global S.A., the Panamanian company behind HTX, agreed that it would not knowingly run illegal promotions, including through the exchange’s website, apps or social media. The court undertakings run until Oct. 21, 2031.
The settlement terms are confidential, and the agreement does not constitute an admission of liability or wrongdoing.
“Crypto firms should be under no illusion: being based overseas does not put them beyond the reach of UK law,” said Steve Smart, executive director of enforcement and market oversight at the FCA. “The message to other firms is clear: follow the rules or face the consequences.”
In an Oct. 16 notice outlining its UK exit arrangements, the exchange formerly known as Huobi said existing UK accounts could no longer deposit or trade. Eligible users can request a one-time 48-hour window to withdraw remaining assets, subject to approval and compliance checks. Accounts will close after all assets have been withdrawn.
The FCA brought the case in October 2025 and announced it in February, which it said was the agency’s first enforcement action against a crypto firm over illegal marketing.
Your fridge could one day stake Ether, launch memecoins: CFTC chairCommodity Futures Trading Commission Chair Michael Selig says it is “no longer science fiction” to imagine one’s refrigerator autonomously purchasing groceries with money earned from staking Ether — or even launching its own memecoin, raising questions about how regulators should oversee autonomous AI agents.
The colorful comment came during Selig’s remarks at the CFTC’s inaugural Frontier Forum in Washington, DC, on Wednesday, where he argued that regulators must adapt to a financial system where AI agents can hold assets and execute trades autonomously.
“We’re gathered here today to discuss a technology that’s rapidly transforming the financial markets. President Trump calls it ‘super intelligence,’ or SI, because ‘it’s not artificial.’ It’s as real as the printing press, the steam engine, and the internet,” he said.
The regulatory questions come as younger investors embrace AI tools for managing money. An eToro survey published in September found that 79% of US millennial investors and 77% of Gen Z investors already used or were open to using AI to select or adjust their investments, highlighting the potential reach of rules governing automated finance.
Kalshi hits $40 billion valuation after $1 billion funding roundPrediction market platform Kalshi has raised $1 billion at a $40 billion valuation, nearly doubling since May as it expands beyond sports contracts.
Wellington Management and Sequoia Capital co-led the Series G round, Reuters reported Thursday. Kalshi also disclosed that its non-sports markets have surpassed $1 billion in annualized revenue, according to The Wall Street Journal.
The latest financing follows a $1 billion raise in May that valued Kalshi at $22 billion. The platform has since recorded approximately $15.8 billion in trading volume over the past 30 days, according to DefiLlama.
Kalshi is also expanding its commercial partnerships. Earlier this week, the NBA named Kalshi and rival Polymarket as preferred prediction market exchanges, while S&P Dow Jones Indices partnered with Kalshi to introduce financial benchmarks to event contracts.
The expansion comes amid mounting legal scrutiny of Kalshi’s sports contracts. Utah filed criminal charges against the company and its co-founders Wednesday over alleged illegal gambling activities, escalating a dispute over whether prediction markets fall under federal derivatives oversight or state gambling laws. The Commodity Futures Trading Commission has separately moved to block Utah’s enforcement efforts.
HTX agrees to halt unlawful UK crypto promotions after FCA caseCryptocurrency exchange HTX has agreed to stop unlawfully promoting its services to consumers in the United Kingdom under a settlement announced Thursday by the Financial Conduct Authority (FCA).
Huobi Global S.A., the Panamanian company behind HTX, agreed that it would not knowingly run illegal promotions, including through the exchange’s website, apps or social media. The court undertakings run until Oct. 21, 2031.
The settlement terms are confidential, and the agreement does not constitute an admission of liability or wrongdoing.
“Crypto firms should be under no illusion: being based overseas does not put them beyond the reach of UK law,” said Steve Smart, executive director of enforcement and market oversight at the FCA. “The message to other firms is clear: follow the rules or face the consequences.”
In an Oct. 16 notice outlining its UK exit arrangements, the exchange formerly known as Huobi said existing UK accounts could no longer deposit or trade. Eligible users can request a one-time 48-hour window to withdraw remaining assets, subject to approval and compliance checks. Accounts will close after all assets have been withdrawn.
The FCA brought the case in October 2025 and announced it in February, which it said was the agency’s first enforcement action against a crypto firm over illegal marketing.
Your fridge could one day stake Ether, launch memecoins: CFTC chairCommodity Futures Trading Commission Chair Michael Selig says it is “no longer science fiction” to imagine one’s refrigerator autonomously purchasing groceries with money earned from staking Ether — or even launching its own memecoin, raising questions about how regulators should oversee autonomous AI agents.
The colorful comment came during Selig’s remarks at the CFTC’s inaugural Frontier Forum in Washington, DC, on Wednesday, where he argued that regulators must adapt to a financial system where AI agents can hold assets and execute trades autonomously.
“We’re gathered here today to discuss a technology that’s rapidly transforming the financial markets. President Trump calls it ‘super intelligence,’ or SI, because ‘it’s not artificial.’ It’s as real as the printing press, the steam engine, and the internet,” he said.
The regulatory questions come as younger investors embrace AI tools for managing money. An eToro survey published in September found that 79% of US millennial investors and 77% of Gen Z investors already used or were open to using AI to select or adjust their investments, highlighting the potential reach of rules governing automated finance.