Even Quickly Blocking Election Contracts Dangers ‘Irreparable’ Hurt, Kalshi Argues

Kalshi, which received a big victory in court docket final week when a federal choose dominated its political prediction markets ought to be allowed to commerce within the U.S., stated the CFTC would not endure any main hurt if its new contracts have been allowed to commerce throughout the attraction course of, however the firm would “endure substantial – certainly, irreparable – hurt” if it is blocked from letting folks wager on the result of the 2024 elections.