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Betting on elections is here to stay as US drops challenge to 'predictions' companies

In 2023, the CFTC withdrew its appeal challenging Kalshi, a prediction market headquartered in New York, thereby permitting the platform to legally offer contracts related to U.S. Election outcomes across the country.
The appeal began after the CFTC sought to block Kalshi’s election contracts, labeling them unlawful gaming and contrary to the public interest.
Federal courts ruled in Kalshi’s favor, rejecting the CFTC’s gaming claims and lifting delays, while Kalshi also faced but fought cease-and-desist orders from several states.
Acting CFTC Chair Caroline Pham called prediction markets an “important new frontier,” while Kalshi CEO Tarek Mansour termed the appeal drop “historic” and said “election markets are here to stay.”
The CFTC’s withdrawal signals regulatory acceptance of election betting markets but sparks concerns about electoral integrity, market manipulation, and the agency’s capacity to oversee them.

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The Press of Atlantic City

Center

Betting on elections is here to stay as US drops challenge to 'predictions' companies

Betting on who the next president will be is now as legitimate a part of gambling in the U.S. as betting on whether the Eagles will win the Super Bowl.

2 days ago

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Coin Desk

Center

CFTC Drops Appeal in Kalshi Election Betting Case

The CFTC appealed a federal judge’s ruling last year clearing Kalshi’s listing of a political prediction market, arguing that it presented a “profound” harm to the public.

2 days ago·Manila, Philippines

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CNBC

Center

U.S. commodities regulator drops appeal of Kalshi election bets offers

3 days ago·United States

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cryptotale.org

CFTC Drops Appeal Against Kalshi Over Election Contracts

The CFTC has dropped its appeal, allowing Kalshi to legally offer political prediction markets. A federal judge ruled the CFTC overstepped in blocking Kalshi’s event contract offerings. Kalshi now plans market expansion after securing a legal win for prediction trading platforms. The U.S. Commodity Futures Trading Commission has moved to dismiss its appeal against the prediction market Kalshi, ending a closely watched legal battle over whether A…

2 days ago

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https://mo.bi

CFTC отказалась от претензий к Kalshi

Комиссия по срочной биржевой торговле США (CFTC) отказалась от апелляции в споре с платформой предсказаний Kalshi. The CFTC has moved to dismiss its appeal against us.Election markets are here to stay. pic.twitter.com/me4pS8uFOj— Kalshi (@Kalshi) May 6, 2025 «Рынки прогнозов на выборы...

2 days ago

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IHODL

CFTC to Withdraw Appeal Against Prediction Market Kalshi

CFTC to Withdraw Appeal Against Prediction Market Kalshi The US Commodity Futures Trading Commission (CFTC) has asked the court to dismiss its appeal against prediction market Kalshi.

2 days ago

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