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U.S. Political Prediction Markets: Why Kalshi's Court Victory Matters

If it turns out that the judge's ruling preempts the CFTC’s proposed rulemaking, election event contracts may now be completely legal.

By Aaron Brogan, Matthew Homer|Edited by Marc Hochstein

Updated Sep 13, 2024, 3:57 p.m. Published Sep 13, 2024, 1:59 p.m.

WASHINGTON, DC - SEPTEMBER 09: An exterior view of the U.S. Capitol on September 9, 2024 in Washington, DC. Additional security fencing is placed around the Western front of the Capitol from August 2024 to February 2025 in preparation for the 2025 Presidential Inauguration. (Photo by Bonnie Cash/Getty Images) — BARRIER TO ENTRY: The CFTC is trying to stop event contracts on which party will control each house of Congress. (Bonnie Cash/Getty Images)