CFTC Dismisses Appeal Against Kalshi, Signaling a Turning Point for US Prediction Markets

The Commodity Futures Trading Commission (CFTC) has taken a decisive step in the ongoing legal dispute with prediction market platform Kalshi. With a 3-0 vote to dismiss the CFTC’s appeal, Kalshi stands poised to continue operating its election betting contracts, marking a significant shift in the regulatory landscape for such platforms. This victory signals a potential turning point for the future of prediction markets in the US.