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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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Associated Press NewsAssociated Press News

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

ATLANTIC CITY, N.J. (AP) — Allowing people to bet on the outcome of U.S. elections poses a great risk that some will try to manipulate the betting markets, which could cause more harm to the already fragile confidence voters have in the integrity of results, according to a federal agency that wants the bets to be banned. The Commodities and Futures Trading Commission is trying to prevent New York startup company Kalshi from resuming offering bet…

·United States
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abc Newsabc News

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

The federal government is warning that allowing people to bet on the outcome of U.S. elections poses too much of a risk to be allowed in the United States

·United States
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KVIAKVIA

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

Associated Press ATLANTIC CITY, N.J. (AP) — The federal government is warning that allowing people to bet on the outcome of U.S. elections poses too much of a risk to be allowed in the United States. A court filing warns that bad actors will try to manipulate the markets for these bets and threaten the already fragile confidence people have in the integrity of voting. The Commodities and Futures Trading Commission is trying to prevent New York c…

·Panama City, United States
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KCRA 3KCRA 3

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

The federal government is warning that allowing people to bet on the outcome of U.S. elections poses too much of a risk to be allowed in the United States

·Sacramento, United States
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My Mother LodeMy Mother Lode

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

ATLANTIC CITY, N.J. (AP) — Allowing people to bet on the outcome of U.S. elections poses a great risk that some will try to manipulate the betting markets, which could cause more harm to the already fragile confidence voters have in the integrity of results, according to a federal agency that wants the bets to be banned. The Commodities and Futures Trading Commission is trying to prevent New York startup company Kalshi from resuming offering bet…

Read Full Article
Portland Press HeraldPortland Press Herald

Betting on elections threatens confidence in voting and should be banned, U.S. agency says

The federal government is warning that allowing people to bet on the outcome of U.S. elections poses too much of a risk to be allowed in the United States

·Portland, United States
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