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Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections

The CFTC denied a valid hedging option when it rebuffed a plan to offer event contracts for traders to bet on political outcomes, the company said.

Kalshi is suing the U.S. Commodity Futures Trading Commission. (Jesse Hamilton/CoinDesk)
Kalshi is suing the U.S. Commodity Futures Trading Commission. (Jesse Hamilton/CoinDesk)