CFTC complaint filed after Kalshi’s Cardi B Super Bowl event decision – report


Cardi B in a silver dress, sings with a microphone. 'Complaint filed with CFTC' over Kalshi Cardi B Super Bowl decision

Kalshi users are outraged after a decision from the prediction market regarding Cardi B’s Super Bowl appearance.

At least one Commodity Futures Trading Commission (CFTC) filing has reportedly been filed following Kalshi’s controversial Super Bowl LX decision. Expert in the prediction market Shared by Dustin Gouker that at least one person has filed a formal complaint with the CFTC. This may trigger a review by the CFTC and possible further investigation and sanctions if deemed necessary.

Depends on what prediction market is usedthose who bet on Cardi B appearing at the Super Bowl LX Halftime Show had mixed results. Polymarket settled the event contract in favor of the bettors that he would appear, but fellow prediction market Kalshi invoked Rule 6.3 to issue only a partial settlement.

This led to outrage on social media and a formal complaint to the CFTC. Kalshi cited the ambiguity as to whether Cardi B just showing up to dance qualifies as a performance, or whether she actually has to sing.

Screenshot of a Kalshi prediction market chart for
Kalshi’s controversial partial settlement when Cardi B “performed” the Super Bowl LX halftime show sparked user backlash and a formal complaint with the CFTC. Credit: Kalshi

“Due to the confusion over whether Cardi B’s attendance at the 2026 Super Bowl halftime show constitutes a qualifying ‘performance’, Kalshi has invoked Rule 6.3(c) to settle this market down to the last traded price before trading was suspended,” read a statement from Kalshi on its website. “Those prices are $0.26 for Yes holders and $0.74 for No holders. In contrast, according to the full rules of Kalshi, celebrities who dance in the background during the halftime show but do not appear to sing or play an instrument do not ‘perform’ for the purposes of the contract.

Highlighted announcement from Kalshi explaining a partial settlement over confusion over whether Cardi B's Super Bowl halftime appearance qualifies as a
Kalshi’s official announcement outlining his Rule 6.3(c) decision to partially settle the Cardi B Super Bowl market amid performance ambiguity. Credit: Kalshi

A partial settlement was given to users of $0.26 for “Yes” and $0.74 for “No”, meaning that this is effectively a refund rather than a full payout.

Reactions to Cardi B’s decision from Kalshi

Others took to social media to criticize the decision from Kalshi, with one user calling the move “outrageous”.

“Kalshi settling Cardi B without doing (despite clearly meeting all three requirements) is more proof that they are scumbags settling based on their own personal interests,” wrote X user EV Massachusetts. “They’re treating Karol G and Cardi B differently even though they’re doing the same thing. Disgusting.”

Readwrite has reached out to the CFTC for further comment.

Featured image: Wikimedia Commons, licensed under CC BY-SA 4.0

The post CFTC complaint filed after Kalshi’s Cardi B Super Bowl event decision – report first appeared in ReadWrite.





Source link

  • Related Posts

    The Betting Council has reacted as Andrew Rhodes exits the UK Gambling Commission top role

    The Betting and Gaming Council is among those considering the departure of UK Gambling Commission chief executive Andrew Rhodes, following confirmation that he will leave the role on April 30,…

    OpenAI has upgraded its Responses API to support agent skills and a full terminal shell

    Until recently, the practice of building AI agents was like training a long-distance runner with a thirty-second memory. Yes, you can give your AI models tools and instructions, but after…

    Leave a Reply

    Your email address will not be published. Required fields are marked *