‘Explosion’ in election gambling will harm public interest: CFTC
The US commodities regulator says prediction markets can be vulnerable to “spectacular manipulation.” Go to Source
Kalshi
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CFTC Loses Round One: Kalshi Cleared to Offer US Election Bets
A federal judge this week sided with the prediction market Kalshi’s motion for summary judgment in its legal battle with the U.S. Commodity Futures Trading Commission (CFTC). This decision opens the door for U.S. citizens to place bets on the upcoming November election. However, the ruling isn’t the final word just yet, as the CFTC … Read more
CFTC submits emergency motion to block Kalshi’s election betting contracts
The CFTC asked the court to block Kalshi from offering election betting contracts until it reviews the reasoning for the denial of its order. Go to Source