[CFTC says court was wrong to allow Kalshi to offer election betting] Mars Finance News, the US CFTC said that the US District Court judge ruled that it exceeded its authority by preventing prediction market Kalshi from offering election betting, and this ruling was wrong.

In an appeal filed with the US Court of Appeals for the District of Columbia Circuit on Wednesday, the CFTC argued that the judgment should be "revoked and the Commission's order restored."