CFTC Appeals Ruling Favoring Kalshi on Election Bets
The CFTC argued that election-based markets are vulnerable to manipulation and could undermine public trust. The United States’ Commodity Futures Trading Commission (CFTC) is appealing a recent court decision that would allow the prediction market platform Kalshi to offer contracts linked to US election results. The current legal struggle has raised several questions regarding the […]
Kalshi Halts US Election Trading After Court Ruling
Kalshi launched its election markets after U.S. District Judge Jia Cobb ruled that the CFTC had exceeded its authority. The United States Commodity Futures Trading Commission (CFTC) successfully obtained an administrative stay on the underlying order in its case against Kalshi, forcing the prediction market to halt its trading in the United States election less […]
CFTC Move to Block Kalshi’s Election Bets
The CFTC filed for an emergency stay, citing concerns about not having enough time to decide whether to appeal. The United States regulator has submitted an urgent emergency move to stop Kalshi, a U.S. based prediction market company, from offering election betting contracts. The submission came just a few hours after the judge decided to […]