Tough Times for Prediction Markets: Kalshi Wins Case Against CFTC, Still Faces Shutdown
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A U.S. District Court has ruled in favor of the Kalshi prediction market, effectively approving betting on the presidential election’s outcome.
Kalshi has won a lawsuit against the U.S. Commodity Futures Trading Commission (CFTC) after the regulator banned betting on political events in the U.S.
However, in response, the regulator filed an emergency motion to make this decision. The company believes that this threatens the platform’s collapse.
Table of Contents
What is known about Kalshi
What is the essence of the Kalshi-CFTC conflict?
The CFTC’s response
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