U.S. Election Betting: Federal Court ‘Erred’ in Letting Kalshi Launch Prediction Markets, CFTC Says

“Kalshi has enchanted the decision as carte blanche to list dozens of election betting contracts, including bets on the outcome of the presidential nomination, the winner of the popular vote, margins of victory, which state will have the narrowest margin of victory, and bets on numerous other national and federal elections,” the filing said. “Kalshi’s website previews other contracts, including what it refers to as ‘parlays’ (a qualifications used in sports betting) on various election outcomes, as ‘coming soon.'”