CFTC Appeals Ruling on Election Contracts, Citing Risks to Democracy
The U.S. Commodity Futures Trading Commission (CFTC) is appealing a recent court ruling that allowed Kalshi, a prediction market platform, to offer contracts tied to U.S. elections. CFTC Chairman Rostin Behnam warned that such contracts pose risks to election integrity and financial markets. Last
Kalshi Faces Massachusetts Lawsuit as Prediction Markets Heat Up
Massachusetts Attorney General Andrea Joy Campbell has filed a civil lawsuit against Kalshi, alleging the federally regulated prediction market offered unlicensed sports betting disguised as “event contracts.” The state claims over $1 billion was wagered across 3.4 million bets, seeks damages and penalties, and wants Kalshi to halt operations in Massachusetts. Kalshi says its CFTC-regulated
