US Commodity Futures Trading Commission warns of election gambling explosion, seeks extension on Kalshi's political prediction markets
The U.S. Commodity Futures Trading Commission has warned of a potential surge in election gambling and requested that an appeals court continue to halt Kalshi's political prediction markets while the agency's appeal is ongoing. The CFTC stated that Kalshi and others have interpreted a judge's decision on September 6 as a green light for election gambling. The judge had ruled that the regulator was wrong to prevent the company from offering contracts on which party would control each house of Congress.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ripple (XRP) Price Forecast: Oscar Ramos Says XRP to hit $5 as SEC Nears Verdict on 72 Altcoin ETFs
Ethereum Price Analysis: Critical Moment for ETH as Trading Volume Surges $17.4B in 24 Hours
Ethena Taps LI.FI to Enable Cross-Chain Swaps on 14 Blockchains
Cardano Price Predicted to Cross $2 as Charles Hoskinson Tells CNBC When BTC Will Reach $250,000
Trending news
MoreCrypto prices
More








