đ Big win for prediction markets! Kalshi, a U.S.-regulated prediction market platform, triumphed in its lawsuit against the CFTC, allowing it to offer contracts on which party will control Congress post-November elections. This ruling is a significant boost for prediction markets, which are popular in crypto circles.
- Kalshi can now join the election betting frenzy.
- Judge Jia M. Cobb sided with Kalshi, vacating the CFTC's previous order.
- Polymarket, another prediction market, saw $450M in volume in August, despite regulatory hurdles.
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