KalshiEx wants to offer customers contracts are are effectively bets on congressional election outcomes. The Commodity Futures Trading Commission objected.
A federal appeals court in Washington, D.C., cleared the way Wednesday for Americans to bet on the outcome of the 2024 congressional elections.
The appeals court in a decision rejected an effort by the Commodity Futures Trading Commission to prohibit the commodities exchange KalshiEx from offering “Congressional Control Contracts” as the federal agency appealed a lower court’s ruling that gave a green light for such bets.
The CFTC “has failed to at this time to demonstrate that it or the public will be irreparably injured” without a stay on the contracts being offered during that appeal, wrote Judge Patricia Millett of the U.
