🚀 Crypto News! 🚀

- US federal court gives Kalshi green light to list US election event contracts 🇺🇸

- The ruling paves the way for election prediction markets, which could include Web3 platforms like Polymarket.

- The court rejects CFTC's attempt to block Kalshi from listing political derivatives contracts ahead of the presidential election.

- More than $1 billion is currently at stake on Polymarket on the outcome of the US presidential election.

- In September, Kalshi won a lawsuit against the CFTC, overturning the ban on listing political event contracts.

- The CFTC argued that the contracts amounted to gambling and were contrary to the public interest.

- The court held that the CFTC failed to demonstrate that the public would be irreparably harmed while awaiting the ruling.

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