Actually, Maybe Degenerate Gamblers Can't Predict Elections
Briefly

Kalshi's temporary victory in court generated excitement among traders, hopeful for the future of political betting in the U.S. However, the CFTC's swift appeal halted operations, leaving uncertainty.
The recent legal battle has illuminated the ongoing tension between regulatory agencies and emerging markets, showcasing how quickly gains in political betting can be reversed.
Read at Slate Magazine
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