Bullet points of US appeals court greenlights election prediction markets

Bullet points of US appeals court greenlights election prediction markets
- Kalshi, a derivatives exchange, has been allowed to list event contracts tied to US election outcomes
- The ruling paves the way for election prediction markets to operate in the US
- Upward of $1 billion rides on the outcome of the November US presidential election on Polymarket
- Kalshi prevailed in a lawsuit brought against the CFTC in 2023 aimed at overturning an order prohibiting Kalshi from listing political event contracts