Judge Rules CFTC Overstepped Authority on Political Prediction Markets
A federal judge has ruled that the CFTC exceeded its statutory authority in blocking Kalshi's political prediction markets, saying elections are not a form of gaming.
A federal judge has ruled that the CFTC exceeded its statutory authority in blocking Kalshi's political prediction markets, saying elections are not a form of gaming.
CFTC files emergency motion to halt Kalshi's listing of election prediction contracts, as Bitcoin and Ethereum ETFs drop to new lows amid bearish market.
Regulators rush to prevent Kalshi from listing election betting markets as they await the judge's rationale for siding with the prediction platform.
Kalshi, a US-regulated prediction market platform, wins federal lawsuit against CFTC, allowing it to offer contracts on which party will control Congress after the 2024 election.