No matter how good the product is, compliance distribution is the bottleneck. Web3 is the old script—innovation always runs half a step ahead of regulation, and that half step is the line between life and death.

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Kyle Samani: The implementation of Kalshi and US perpetual crypto contracts has uncertainty and may have three potential outcomes
Keller Samani analyzed Kalshi and the U.S. perpetual contract market on X, proposing three scenarios:
1. Past efforts or irrelevant;
2. If the CLARITY Act and decentralized testing pass, it may be possible to offer perpetual contracts in the U.S. without registering DCO/DCM;
3. Although the product is attractive, distribution within the compliance framework remains challenging.
Highlighting the uncertainties in regulation and decentralized innovation implementation.
Source: ODaily.
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