Kalshi’s New Political Prediction Markets Halted as CFTC Appeals Loss
Contracts offered to U.S. customers on who will control Congress only traded a few hours before being halted pending the appeal.
U.S. Election Betting: CFTC Loses Last-Minute Bid to Halt Kalshi Contract
The agency plans to appeal the case brought by the prediction market platform, and could still ask the higher court to stop the firm from listing the contracts.
CFTC Has No Authority to Reject Election Contracts, Judge Says
Elections are not a form of "gaming," so the agency should not have conducted a public review of Kalshi's political prediction markets, the judge wrote.
Kalshi’s U.S. Election Markets Delayed Until Friday at Earliest
The judge in the prediction market's court case against the CFTC has called a hearing Thursday over the regulator's motion for a two-week delay.
U.S. Election Betting Delay Would Be ‘Devastating’ to Kalshi, Firm Says
The prediction market site "has staked its future on ... these markets," it told a court, pushing back against the CFTC's motion for a two-week wait.
CFTC Pleads With Judge to Block Kalshi Election Contracts for 14 Days
The agency says it can't make "an informed decision" about whether to appeal the judge's decision in Kalshi's favor until it knows her as-yet-unpublished rationale.
Kalshi Cleared to Offer Congressional Prediction Markets in Victory Against CFTC
With two months to go before the election, the U.S.-regulated platform may now get a sliver of the 2024 political betting bonanza that's been dominated by crypto-based rival Polymarket.
Prediction Market Kalshi to Take Bets on Crypto (Settled in Dollars)
The CFTC-regulated platform will let traders bet on how high ETH will go this year and other price outcomes amid renewed interest in both crypto and prediction markets.
Prediction Markets Can Hedge Crypto Startups’ Regulatory Risk, Paradigm Says
Coinbase co-founder Fred Ehrsham's venture capital firm filed a friend-of-the-court brief in Kalshi's case against the CFTC.
Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections
The CFTC denied a valid hedging option when it rebuffed a plan to offer event contracts for traders to bet on political outcomes, the company said.