​In Historic Ruling, US Prediction Market Kalshi Scores Huge Win Against CFTC – Tyler Durden

In Historic Ruling, US Prediction Market Kalshi Scores Huge Win Against CFTC Late on Friday, a judge ruled in favor of the US-based predictions market Kalshi, overruling the CFTC, and allowing the platform to offer derivatives for betting on the upcoming US election in November, legally and without the use of shady circumvention devices such as VPNs. The ruling has potentially monumental consequences, as last year US commodity regulator CFTC forbade Kalshi from listing the Congressional control contracts, on the grounds that they would amount to unlawful gaming and would be “contrary to the public interest.” Kalshi then sued, calling the…  — Continue at ZeroHedge News : Read More