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Crypto

Prediction market Kalshi eyes CME and ICE territory with inflation futures

Prediction market firm Kalshi is expanding into traditional financial exchange territory by launching futures products whose value moves with inflation, Bloomberg News reported on Oct. 23. Kalshi plans to introduce listed futures contracts in December that track the consumer price index and core CPI, an inflation gauge that excludes food and energy prices. Bloomberg said Kalshi is pitching the products to large banks and hedge funds.

AI & Enterprise

Apple Intelligence to launch in China in December after clearing regulatory hurdles

Apple is preparing to launch its on-device AI service, Apple Intelligence, in mainland China in December, Bloomberg News reported on Oct. 15. China is one of Apple\'s most important markets, and the company is set for a China rollout two years after launching the service in most countries, including the United States. Apple had to complete local approvals and work with a local partner. China also approved the service in July under generative AI rules.

Crypto

Blockchain.com seeks U.S. entry into prediction markets and derivatives, files with CFTC

Blockchain.com has applied for two licences to offer prediction-market and cryptocurrency-derivatives trading services in the United States, CNBC reported. The company has applied for a designated contract market licence and registration as a futures commission merchant, with approvals overseen by the U.S. Commodity Futures Trading Commission. CEO Peter Smith said users should be able to manage digital assets, trade derivatives and bet on real-world outcomes in one place.