|Election Coverage 2024

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U.S. Election Betting: What's at Stake in Final (?) CFTC-Kalshi Showdown

Here's how to listen to Thursday's hearing in the closely watched federal court case over political prediction markets, and why it matters.

By Marc Hochstein|Edited by Nick Baker, Nikhilesh De

Updated Sep 17, 2024, 4:08 p.m. Published Sep 12, 2024, 12:00 p.m.

WASHINGTON, DC - DECEMBER 01: Commodity Futures Trading Commission Chairman Rostin Behnam testifies about the collapse of the cryptocurrency exchange company FTX before the Senate Agriculture, Nutrition and Forestry Committee in the Dirksen Senate Office Building on Capitol Hill on December 01, 2022 in Washington, DC. In his first public comments since his business collapsed, Sam Bankman-Fried told the New York Times Wednesday that management and accounting failures were the reason for the collapse of his $32 billion company, which has sparked civil and criminal investigations. (Photo by Chip Somodevilla/Getty Images) — CFTC Chairman Rostin Benham doesn't want to be an "election cop." (Chip Somodevilla/Getty Images)