US Commodity Futures Trading Commission warns of election gambling explosion, seeks extension on Kalshi's political prediction markets_Amazon Finance

US Commodity Futures Trading Commission warns of election gambling explosion, seeks extension on Kalshi's political prediction markets

2024-09-19 10:23:21 Primitive Reading

　The U.S. Commodity Futures Trading Commission has warned of a potential surge in election gambling and requested that an appeals court continue to halt Kalshi's political prediction markets while the agency's appeal is ongoing. The CFTC stated that Kalshi and others have interpreted a judge's decision on September 6 as a green light for election gambling. The judge had ruled that the regulator was wrong to prevent the company from offering contracts on which party would control each house of Congress.

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