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Only Congress Can Ban Election Betting, Kalshi Tells Appeals Court in New Filing

Kalshi blasted the regulator’s attempt to create a “Goldilocks” definition of gaming that would include elections as “arbitrary, outcome-driven gerrymandering with no basis in the statute," in its ongoing defense against the CFTC's move to ban its prediction markets.

Updated Nov 18, 2024, 6:36 p.m. Published Nov 18, 2024, 6:33 p.m.
U.S. Commodity Futures Trading Commission Chairman Rostin Behnam (Jesse Hamilton/CoinDesk)
U.S. Commodity Futures Trading Commission Chairman Rostin Behnam (Jesse Hamilton/CoinDesk)