Reported 3 months ago
A US appeals court has lifted a stay blocking Kalshi Inc.'s trading on derivatives related to the outcome of congressional races, allowing Americans to legally wager substantial amounts on election results. This decision comes just weeks before the November elections and raises concerns about the potential influence of large bets on electoral integrity. While the Commodity Futures Trading Commission has expressed worries about market manipulation, the court ruled it lacked evidence that such risks were imminent. Kalshi celebrated the ruling as a watershed moment for election-related trading in the US.
Source: YAHOO