Summary of U.S. Election Betting: Court Ends Pause on Kalshi's Congressional Contracts
Summary of U.S. Election Betting: Court Ends Pause on Kalshi's Congressional Contracts
The source article:
Kalshi, a prediction market, has been cleared to resume listing contracts on which party will control each house of Congress after the US Court of Appeals denied a motion by the Commodity Futures Trading Commission to halt the contracts.
The source article:
quoting nevent1q…fctxU.S. Election Betting: Court Ends Pause on Kalshi's Congressional Contracts
The CFTC "has failed to demonstrate that it or the public will suffer irreparable injury absent a stay pending appeal," an appeals court said, clearing the prediction market to resume listing the contracts.
https://www.coindesk.com/policy/2024/10/02/us-election-betting-court-ends-pause-on-kalshis-congressional-contracts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Kalshi, a prediction market, has been cleared to resume listing contracts on which party will control each house of Congress after the US Court of Appeals denied a motion by the Commodity Futures Trading Commission to halt the contracts.