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Election betting paused as CFTC considers appeal

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Photo: Andrew Renneisen/Getty Images

The CFTC considers next steps after judge rules that event contract bets on elections are not prohibited “gaming.”

Event contract marketplace Kalshi has been ordered to pause election bets after the Commodity Futures Trading Commission (CFTC) was granted an emergency stay while it considers appealing its recent court loss.

Bets on the upcoming US presidential election were taken on its website for mere hours before being taken down