Regulators argued bets could harm the integrity of U.S. elections.
Topline
A federal appeals court Wednesday lifted an earlier ruling that blocked Americans from betting on the outcome of congressional elections, following challenges from regulators, which claimed the bets could harm the integrity of U.S. elections.Key Facts
The U.S. Court of Appeals for the District of Columbia ruled unanimously Tuesday the prediction market Kalshi could allow users to bet on which political party would control the House or Senate in 2025.
The ruling lifts a block issued by the court last month after the Commodity Futures Trading Commission motioned to prohibit the bets, arguing betting on congressional elections would “threaten election integrity” by creating incentives for voters to support specific candidates.
