11th Circuit Court rules KalshiEX's election-betting contracts legal, CFTC failed to show harm.

A federal appeals court has ruled that KalshiEX, a derivatives trading platform, can offer contracts allowing Americans to bet on election outcomes. The court found that the Commodity Futures Trading Commission (CFTC) failed to demonstrate potential harm to the public or election integrity. This decision could enable similar offerings from other companies, although concerns remain about the implications for democracy and the integrity of elections.

October 02, 2024
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