Kalshi's New Political Prediction Markets Halted as CFTC Appeals Loss

"Judge Jia Cobb ruled last week that the CFTC exceeded its authority by banning Kalshi from listing U.S. political prediction markets, essentially bets on which party might control significant governmental positions."

"The CFTC's emergency motion to halt Kalshi's newly launched political prediction markets was filed after the judge denied their initial request, highlighting a battle over regulatory power and the legality of prediction markets."

Read at Coindesk