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CFTC weighs banning platforms from betting on US elections

Photo: Mario Tama/Getty Images

As US presidential and congressional elections approach, platforms such as Kalshi and PredictIt are in the spotlight for wanting to bet on outcomes.

The US Commodity Futures Trading Commission is weighing an outright ban on using derivatives to bet on US elections.

CFTC Chairman Rostin Benham was quoted in various media outlets in March as saying that his agency was coming up with such a new rule for the prediction markets in coming