Federal court rules that Kalshi can host election bets

Kalshi has defeated the CFTC in its bid to list elections as event contracts.

Federal judge Jia M Cobb has overturned a Commodity Futures Trading Commission order to refuse US predictions marketplace Kalshi the ability to allow betting on election outcomes, but the release of her opinion is still pending.

In the order, the CFTC cited Commodities Exchange Act Section 5c(c)(5)(C),

Kalshi

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