CFTC SAYS COURT GOT IT WRONG IN ALLOWING KALSHI TO OFFER ELECTION BETS

Summary from the TLDR Crypto newsletter

The CFTC is appealing a court ruling that allowed prediction market Kalshi to offer election betting contracts, arguing that the district court misinterpreted legal terms and that these contracts may harm election integrity. Despite the CFTC's objections and ongoing efforts to ban political event betting, Kalshi has launched bets on who will win the U.S. presidential election.