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flag CFTC drops appeal against Kalshi, allowing prediction markets on US elections to continue.

flag The Commodity Futures Trading Commission (CFTC) has decided to drop its appeal against Kalshi, a prediction market company, allowing the firm to continue offering bets on US election outcomes. flag This decision comes after a federal judge ruled that the CFTC lacked authority to ban such activities. flag The move signals a potential expansion of regulated prediction markets in the U.S., with Kalshi already reporting trading volumes of over $500m in election-related markets.

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