US appeals court greenlights election prediction markets

The ruling paves the way for election prediction markets to operate in the United States.

Despite opposition from regulators, a United States federal appeals court has greenlighted Kalshi, a derivatives exchange, to list event contracts tied to US election outcomes, according to an Oct. 2 court ruling.

The ruling paves the way for election prediction markets — possibly including Web3 platforms such as Polymarket — to operate in the US.

On Oct. 2, the US Court of Appeals for the District of Columbia Circuit ruled against the Commodity Futures Trading Commission’s (CFTC) bid to stop Kalshi from listing derivatives tied to political outcomes on the eve of the US presidential election.

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The ruling paves the way for election prediction markets to operate in the United States.
Despite opposition from regulators, a United States federal appeals court has greenlighted Kalshi, a derivatives exchange, to list event contracts tied to US election outcomes, according to an Oct. 2 court ruling. The ruling paves the way for election prediction markets — possibly including Web3 platforms such as Polymarket — to operate in the US.On Oct. 2, the US Court of Appeals for the District of Columbia Circuit ruled against the Commodity Futures Trading Commission’s (CFTC) bid to stop Kalshi from listing derivatives tied to political outcomes on the eve of the US presidential election.Read more