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

When the CFTC denied the applying earlier this yr, Commissioner Summer season Mersinger dissented, arguing, “It can be crucial for the fee to make this dedication the proper means – by enterprise a public rulemaking course of.” Nonetheless, she added, “my dissent shouldn’t be taken as an endorsement of Kalshi’s Congressional Management Contracts.”