Federal Court docket ‘Erred’ in Letting Kalshi Launch Prediction Markets, CFTC Says

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“Kalshi has taken the choice as carte blanche to record dozens of election betting contracts, together with bets on the result of the presidential election, the winner of the favored vote, margins of victory, which state can have the narrowest margin of victory, and bets on quite a few different state and federal elections,” the submitting mentioned. “Kalshi’s web site previews different contracts, together with what it refers to as ‘parlays’ (a time period utilized in sports activities betting) on numerous election outcomes, as ‘coming quickly.'”



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