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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.

Crypto

Phantom launches Kalshi prediction market service in U.S., trades in stablecoin

Crypto wallet provider Phantom is offering U.S. users access to Kalshi’s prediction market service, The Block reported on Thursday. Users can trade contracts that bet on event outcomes directly in the Phantom app. The rollout begins on Thursday and will expand over several weeks. Users must complete Kalshi’s know-your-customer checks and fund trades with Phantom’s dollar-pegged stablecoin, Cash (CASH), which is converted to fiat for settlement.

Crypto

a16z to drop \'crypto\' from blockchain fund name, rename it \'a16z Frontier\'

Andreessen Horowitz (a16z) will drop the word \"crypto\" from the name of its blockchain investment fund, The Information reported on Oct. 22, citing sources. The report said a16z Crypto told some limited partners it will rename the fund \"a16z Frontier\" and expand its investment scope beyond cryptocurrencies. a16z Crypto has raised nearly $10 billion across five funds and has recently invested in non-blockchain companies.