U.S. Election Betting: CFTC and Kalshi Face Off in Appeals Court
The CFTC and Kalshi, a prediction-betting platform, are embroiled in a legal battle over Kalshi's efforts to launch political prediction markets in the U.S.
Kalshi
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.
Crypto Watchdog Seeks to Stop Election Prediction Contracts
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.
CFTC Seeks to Block Kalshi's Election Contracts Listing
Regulators rush to prevent Kalshi from listing election betting markets as they await the judge's rationale for siding with the prediction platform.
Kalshi Wins Battle Against CFTC, Gains Access to 2024 Political Betting Market
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.