A recent court ruling has opened doors for election-based prediction markets in the U.S., limiting regulatory powers of the Commodity Futures Trading Commission on these betting platforms.
Polymarket, a popular crypto-powered prediction market, has been under regulatory scrutiny from the CFTC, but the new ruling could change its operational landscape significantly.
The popularity of prediction markets has surged as they allow bettors to wager on political outcomes, offering potentially more accurate odds than traditional polling methods.
The court's decision, siding with Kalshi's right to operate, challenges the previous limitations imposed by the CFTC, potentially ushering in a new era for electoral betting in the U.S.
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