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.
The regulator filed its opening brief in its appeals case to tamp down on political event contracts.
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.
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.