The battle between the **CFTC** and **Kalshi** over U.S. election trading heats up! Less than 24 hours after Kalshi launched its election markets, the Court of Appeals sided with the CFTC, halting all trading related to Senate and House control. 🛑
Why? The **CFTC** argues that election-related contracts pose serious risks, including threats to election integrity. The regulator claims these markets could undermine public trust in the electoral process. ⚠️
Kalshi, on the other hand, believes its regulated platform offers transparency and clarity on political events, making it safer than unregulated prediction markets. 🔍 But for now, the trading halt remains in effect until further court rulings. With the appeal still underway, Kalshi has until September 16 to respond, marking a critical moment for political betting markets in the U.S.
Could this case set a legal precedent for future political event contracts? Stay tuned as the future of election prediction markets unfolds.
#ElectionTrading #KalshiVsCFTC #CFTC #BinanceTurns7 #Write2Earn!
