CFTC says court ‘erred at every turn’ in allowing Kalshi’s election markets
The CFTC claims a federal court “mistakenly erred” on several key definitions when allowing US betting market platform Kalshi ...
CoinDesk4d
U.S. Election Betting: Federal Court 'Erred' in Letting Kalshi Launch Prediction Markets, CFTC Says
The regulator filed its opening brief in its appeals case to tamp down on political event contracts. Sign up for State of ...
JD Supra12d
Place Your Bets, For Now: Kalshi’s Election Contract Market Goes Live After Court of Appeals Denies CFTC’s Motion to Stay
On September 12, 2024, Judge Jia Cobb of the U.S. District Court for the District of Columbia (the Court) formally issued a ...
Kalshi election betting contracts multiply after court win
Kalshi, a prediction marketplace, has certified more than a dozen event contracts tied to United States political outcomes ...
Amid Kamala Harris-Trump Polymarket Hype, CFTC Chair Wary Of Turning Into An 'Election Cop' — Wants Congress To Make Moves On Crypto And Election Betting
Commodity Futures Trading Commission chair, Rostin Behnam, has urged Congress to address the regulation of cryptocurrency and ...
Election betting: Appeals court fast-tracks CFTC challenge to Kalshi political bets
The Commodity Futures Trading Commission opposes the offer of bets on political races offered in contracts by Kalshi and ...
Kalshi expands Trump, Harris election bet options, adds Senate races, CFTC complains
Kalshi so far has prevailed in its legal battle with the Commodity Futures Trading Commission on its offer of contracts for ...
Here’s Why Election Betting Activity Is Raising Eyebrows Ahead of Nov. 5 Vote
A sudden $30 million surge in election bets on a Trump win leads some observers to suspect an attempt to manipulate the election.
Yahoo Finance4d
U.S. Election Betting: Federal Court 'Erred' in Letting Kalshi Launch Prediction Markets, CFTC Says
The district court judge overseeing Kalshi's suit against the CFTC ignored the definitions of terms under the Commodity Exchange Act and "without basis" barred the agency from examining ...