**US Court Greenlights Election Betting Contracts Despite Regulator Pushback**

A US federal appeals court has given the green light for Kalshi, a derivatives exchange, to list event contracts tied to US election outcomes. This decision, made on October 2, overturns the Commodity Futures Trading Commission’s (CFTC) attempt to block such listings.

- **Court Ruling**: The US Court of Appeals for the District of Columbia Circuit ruled that the CFTC failed to demonstrate that the public would be harmed by these contracts.

- **Market Impact**: This ruling could pave the way for election prediction markets, including Web3 platforms like Polymarket, to operate in the US.

- **Background**: Kalshi had previously won a lawsuit against the CFTC, which argued that these contracts were akin to unlawful gaming.

- **Future Outlook**: With over $1 billion riding on the upcoming US presidential election on platforms like Polymarket, this ruling could significantly impact the political betting landscape.