Prediction Market Kalshi Signals It Sees CFTC's Blessing for Midterm Election Bets

Prediction market Kalshi is hinting strongly Friday that it expects U.S. regulators to approve its request to debut contracts linked to the Nov. 8 U.S. election., under the heading"Countdown to election markets," there's a clock counting down to midnight in the U.S. There is a caveat, though: a note saying"Pending regulatory approval."

Kalshi, unlike some alternatives, has taken a cautious approach to launching its service and introducing contracts, working closely with the U.S. Commodity Futures Trading Commission to get permission. An ex-CFTC commissioner,Others have struggled to remain available for Americans. PredictIt, another prediction market, was told by the CFTC earlier this year to

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