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Regulators Fold: CFTC Abandons Appeal Against Kalshi’s Election Betting Market

Regulators Fold: CFTC Abandons Appeal Against Kalshi’s Election Betting Market

CoindeskEN
Author:
CoindeskEN
Release Time:
2025-05-06 18:14:34
0

CFTC Drops Appeal in Kalshi Election Betting Case

In a surprise retreat, the CFTC drops its legal challenge against Kalshi’s political event contracts—letting prediction markets score a win against Washington’s paternalism.

The move signals regulators’ weakening grip on innovative financial instruments... even as they keep pretending crypto is the only ’dangerous’ speculation in town.

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