The CFTC argues that the district court judge failed to properly consider the definitions under the Commodity Exchange Act, allowing Kalshi to operate its election contracts without sufficient scrutiny.
Kalshi is now offering numerous contracts for the 2024 election, including predictions on presidential candidates and state results, which has raised concerns about its compliance with gaming definitions.
The CFTC's brief contends that Kalshi has interpreted the court’s ruling as permission to freely list a variety of election-related betting contracts, casting doubt on regulatory oversight.
Collection
[
|
...
]