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'An Explosion of Election Gambling' Is Nigh, CFTC Warns Appeals Court

The regulator asked the court to extend the pause of Kalshi's political prediction markets for as long as the agency's appeal is pending.

By Marc Hochstein|Edited by Nikhilesh De

Updated Sep 15, 2024, 2:18 a.m. Published Sep 15, 2024, 2:10 a.m.

LAS VEGAS, NEVADA - SEPTEMBER 13: Republican presidential nominee, former U.S. President Donald Trump, watches a video of Vice President Kamala Harris during a campaign rally at The Expo at World Market Center Las Vegas on September 13, 2024 in Las Vegas, Nevada. With 53 days before election day, Former President Trump continues to campaign. (Photo by Justin Sullivan/Getty Images) — Wall Street heavyweight Interactive Brokers is reportedly preparing to offer contracts on the race between Kamala Harris and Donald Trump. (Justin Sullivan/Getty Images)