CFTC Ends Legal Battle with Kalshi Over Election Betting Market
The U.S. Commodity Futures Trading Commission (CFTC) has moved to drop its appeal against a court ruling permitting prediction platform Kalshi to offer political event contracts. This marks the conclusion of a two-year regulatory standoff.
The agency’s reversal aligns with a broader pullback in tech sector oversight under the current administration. Kalshi’s victory establishes precedent for event-driven financial products in regulated markets.