United States appellate court judges questioned lawyers from the Commodity Futures Trading Commission (CFTC) and Kalshi betting platform during a hearing regarding the launch of political betting markets. The hearing at the US Court of Appeals for the District of Columbia Circuit focused on a lower court ruling allowing Kalshi to proceed with election markets. The judges sought clarification on the CFTC's stance on election betting and definitions of gaming. Concerns were raised about market manipulation and election integrity. Kalshi's lawyer argued that regulation would mitigate risks. The judges are expected to reach a decision soon, ahead of the upcoming US elections. Bitcoin enthusiasts are closely watching the legal battle, as it could impact the future of political betting in the country. Read more AI-generated news on: https://app.chaingpt.org/news