Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections

for betting on the outcome of political events – specifically which party will control each chamber of the U.S. Congress after an election.

"Political events carry enormous financial implications for businesses and individuals," Kalshi contended in the suit."Uncertainty surrounding these events poses economic risk, no less than uncertainty over hurricanes, pandemics, or oil supply."

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