Regulations

CFTC Appeals Ruling on Election Contracts, Citing Risks to Democracy

September 18, 2024
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 Thursday, U.S. District Court Judge Jia M. Cobb ruled that the