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Betting on elections threatens confidence in voting and should be banned, US agency says

  • The Commodities and Futures Trading Commission warns that betting on U.S. Elections risks manipulation, harming voter confidence in results, and seeks a ban on such activities.
  • The commission is attempting to stop New York startup Kalshi from offering election bets for the upcoming congressional elections.
  • The commission states manipulation has occurred before and asserts that election gambling threatens the integrity of elections.
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