Kalshi has emerged victorious in a legal battle against regulators, allowing them to potentially launch predictive markets for the upcoming U.S. election, pending a hearing.
Judge Cobb's stay will last until the end of Thursday's hearing, indicating that Kalshi's ability to list their prediction markets may be decided soon.
As the only CFTC-regulated prediction market in the U.S., Kalshi's platform offers a range of contracts on various events, establishing a unique space in the market.
Kalshi functions within legal boundaries set by the CFTC, making it a significant player in prediction markets, especially in event-driven contract trading.
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