#加密货币监管政策 Kalshi's recent move is interesting. They submitted a document indicating plans to launch a college athlete transfer contract, but then immediately shelved it. Basically, they were somewhat discouraged by regulatory pressure and public opinion.

NCAA directly lashed out, saying that this could lead to harassment and abuse risks for student athletes, and also threaten the integrity of competitions. From this perspective, their concerns are not unfounded—treating student transfers as betting stakes could indeed cause problems.

This incident reflects a phenomenon: although prediction markets are highly innovative, once they involve sensitive areas like sports and education, regulatory and public backlash can be particularly intense. Kalshi might have calculated that the compliance costs of pushing forward are not worth it, so they decided to hold back for now.

It seems that innovative products in the crypto industry are increasingly getting stuck at the "last mile," with regulatory attitudes becoming much stricter than before.