Betting on congressional elections is lawful, federal appeals court rules

Federal appeals court allows prediction market Kalshi to offer US election betting

A federal appeals court in Washington, DC, on Wednesday allowed a prediction market to offer election betting, denying a government watchdog’s request to halt a ruling that made way for legal political gambling in the United States.

Appeals court rules betting on US elections can resume

A federal appeals court cleared the way on Wednesday, Oct. 2, for Americans to bet on the 2024 congressional elections. The Commodity Futures Trading Commission (CFTC) asked the appeals court to block the prediction exchange platform Kalshi from offering congressional control contracts. The contracts allow buyers to bet on which political party will control the House and Senate after the November election. Kalshi sued the CFTC last year after th…

Court Allows Betting On U.S. Congressional Elections To Resume

Americans are once again free to bet on the outcome of U.S. congressional elections, at least temporarily.

Election-betting markets poised for revival as court rejects government plea

“This week is the dawn of a new era for financial markets,” said Tarek Mansour, the CEO of financial exchange startup Kalshi.

Court revives betting on election outcomes

A federal appeals court has once again opened the door to large-scale wagering on the outcome of U.S. elections after the judges on Wednesday rejected the government's claims that betting could undercut voting and taint the results.

US appeals court clears Kalshi to restart elections betting

A U.S. federal appeals court on Wednesday upheld a lower court's order that permitted New York derivatives trading platform KalshiEX LLC to list contracts that allow Americans to bet on election outcomes.