🚀 Kalshi's legal showdown with the CFTC over election prediction markets is heating up! After a federal judge ruled in favor of Kalshi, allowing them to launch contracts predicting the 2024 Congress control, the CFTC swiftly appealed. The regulator worries about potential manipulation and public trust, but Kalshi argues that halting contracts harms regulated markets.

Crypto traders are especially keen, using Kalshi to speculate on political outcomes. The final court decision could reshape prediction markets and crypto trading in the US. Stay tuned! 📈