Kalshi Wins Lawsuit Against CFTC

- Prediction platform Kalshi has won a federal lawsuit against the U.S. Commodity Futures Trading Commission (CFTC).

- The court has allowed Kalshi to offer contracts on control of Congress after the November elections.

- The court's decision supports proponents of prediction markets popular in the crypto community.

- The CFTC may appeal the ruling, but for now Kalshi can participate in election bets.

- Unlike Polymarket, which uses cryptocurrency, Kalshi only operates in the U.S. and uses regular dollars.