Judge Rules CFTC Exceeded Authority in Blocking Kalish Election Contract
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September 12, 2024
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In a ruling from the U.S. District Court for the District of Columbia, Judge Jia M. Cobb has determined that the Commodity Futures Trading Commission (CFTC) overstepped its authority in attempting to block prediction market platform Kalshi from offering contracts tied to the 2024 U.S. presidential election.
The judge's order, issued on Thursday, stated that Kalshi's contracts do not involve "illegal activity or gambling."
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