Judge Cobb's ruling on Kalshi's election prediction markets concluded that the CFTC had exceeded its statutory authority in seeking to ban these forms of betting.
Despite winning the court case, Kalshi has not yet finalized the introduction of contracts for betting on the 2024 election, still pending procedural steps.
The CFTC intends to appeal Judge Cobb's decision, which may lead to further legal challenges regarding the introduction of Kalshi's election contracts.
CFTC lawyers expressed concerns during the hearing, arguing that Kalshi's election contracts could be vulnerable to market manipulation, raising regulatory issues.
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