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U.S. Election Betting: Federal Court 'Erred' in Letting Kalshi Launch Prediction Markets, CFTC Says

The regulator filed its opening brief in its appeals case to tamp down on political event contracts.

By Nikhilesh De|Edited by Marc Hochstein

Updated Oct 17, 2024, 6:48 p.m. Published Oct 17, 2024, 6:45 p.m.

DOYLESTOWN, PENNSYLVANIA - OCTOBER 15: Rich Kampert, 71, votes using an absentee or mail-in ballot on October 15, 2024 in Doylestown, Pennsylvania. Registered voters in Pennsylvania can vote "On Demand" by requesting, a mail-in or absentee ballot filing it out and dropping it off all in one visit to their county election office or other designated location. (Photo by Hannah Beier/Getty Images) — (Hannah Beier/Getty Images)