The Third Circuit ruled in Kalshi's favor. People use prediction markets because they're more fair, transparent, and reward being right. Free markets work. We should keep them that way. This is a big win for the industry and millions of users.
The court ruled that the administration can continue to freeze or terminate billions of dollars that Congress had earmarked for foreign aid spending. In a 2-to-1 vote, a panel of judges from the U.S. Court of Appeals for the District of Columbia Circuit said the plaintiffs in the case...did not have the legal standing to bring a lawsuit.
"I am concerned lest these travesties of procedure and law acquire precedential force, placing a cloud on any judge of divergent policy or politics or even a judge who writes dissents."
