U.S. CFTC to Evaluation Prediction Market Kalshi’s Contracts to Wager on Management of Congress

The prediction markets – which permit individuals “to purchase and promote contracts on whether or not occasions are going to occur or not,” as Kalshi describes it on its web site – have had a tumultuous latest historical past with the CFTC. Different corporations had been ordered to stop doing enterprise within the U.S., akin to Polymarket and PredictIt, which has been preventing the CFTC in court docket since final yr.