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.

Finance

BOK security gaps in spotlight at parliamentary audit; digital currency safety also at issue

South Korea\'s parliamentary audit put the Bank of Korea\'s cyber security response system and privacy protections for its digital currency system under scrutiny. Issues raised included more than 3,000 hacking attempts, a shortage of information security staff and possible leakage of interbank transaction data. Lawmakers also questioned the effectiveness of joint inspections with the Financial Supervisory Service and asked about the possibility of further policy rate hikes alongside updated growth and inflation forecasts.