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CFTC Withdraws Objection, Paving Way for Political Event Contracts on Kalshi
CFTC Withdraws Objection, Paving Way for Political Event Contracts on Kalshi
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The U.S. Commodity Futures Trading Commission (CFTC) has dropped its opposition in the high-profile case against Kalshi, a New York-based platform seeking to offer political event contracts. This reversal follows a September 2024 district court ruling that favored Kalshi’s argument against regulatory overreach.
The withdrawal signals potential resolution on legal fees and removes a significant barrier for event-based financial products. Such instruments remain speculative, however, with unproven market viability and regulatory acceptance beyond this case.
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