A judge ruled on Thursday that the Commodity Futures Trading Commission (CFTC) overstepped its authority by preventing the prediction market Kalshi from listing contracts related to the U.S. election. In a letter to CFTC Chair Rostin Behnam, New York Democrat and crypto-friendly Congressman Ritchie Torres said the CFTC should "accept the ruling and move forward." He also mentioned that many election markets have existed for years, but "they have been less secure and lack regulation."

Torres wrote: "Furthermore, I encourage the CFTC to weigh the resource cost of further litigation and the broader harm to election integrity and consumer protection that further delay would cause. Delay would allow illegal and unregulated markets to continue to gain market share."