CFTC Ends Legal Challenge Against Kalshi, Paving Way for Political Betting Markets

The U.S. Commodity Futures Trading Commission has withdrawn its appeal in the Kalshi case, according to court filings. The New York-based prediction market platform now stands cleared to offer political event contracts after a year-long regulatory battle.

Kalshi CEO Tarek Mansour hailed the resolution as "historic," emphasizing the company’s commitment to regulatory compliance. "This result secures the future of prediction markets in America," Mansour stated, framing the outcome as a validation of the firm’s patient approach to regulatory engagement.

The dismissal agreement requires both parties to bear their own legal costs while preventing future litigation from Kalshi against the CFTC. The development marks a significant milestone for prediction markets seeking legitimacy in U.S. financial markets.