Kalshi’s launch of legally sanctioned bets on U.S. elections comes after a court ruling, allowing prediction contracts on party control in Congress this November.
The Commodity Futures Trading Commission plans to appeal the court ruling, raising concerns over how long the betting will last as Kalshi begins advertising.
Kalshi's lawyer defended the company's approach, emphasizing their significant investments in legal compliance, contrasting it with foreign companies operating without regulation.
Concerns have been raised about the potential for malicious activity in influencing election outcomes, highlighting a significant public interest threat.
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