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CFTC Has No Authority to Second-Guess Election Contracts, Judge Says

The opinion in Kalshi's lawsuit against the regulator could have implications for a pending proposal to ban all political prediction markets.

This year's U.S. election has fueled a betting boom, but Kalshi has been unable to take part while its case was pending. (Natalie Behring/Getty Images)
This year's U.S. election has fueled a betting boom, but Kalshi has been unable to take part while its case was pending. (Natalie Behring/Getty Images)