Court Ruling Delays U.S. Election Betting Markets Launch

Kalshi's legal victory over the CFTC faces further delays, with a critical hearing set for Thursday to decide the fate of election betting contracts.

Judge Jia Cobb ordered a hearing for Thursday, delaying Kalshi's ability to list election betting contracts.
The CFTC barred Kalshi from offering these contracts last year, citing concerns over election integrity.
Kalshi argues that further delays could cause irreparable harm to its business and ability to compete.
Polymarket, another prediction market, remains unable to operate in the U.S. due to regulatory scrutiny.
The decision could reshape the landscape for prediction markets in the U.S., pending the judge's full opinion.