hmmohsin
@hmmohsin
🇺🇸 JUDGE RULES CFTC LACKS AUTHORITY OVER KALSHI’S ELECTION CONTRACTS A federal judge ruled that the CFTC lacks authority to prevent Kalshi from offering political prediction markets. The CFTC’s argument that such markets fall under “gaming” was rejected, with the judge clarifying that elections are neither considered gambling nor illegal. This decision allows Kalshi to proceed with contracts based on U.S. election outcomes. 🌐Source: The Block
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