U.S. CFTC to Review Prediction Market Kalshi’s Contracts to Bet on Control of Congress

The prediction markets – which permit folks “to buy and sell contracts on whether events are going to happen or not,” as Kalshi describes it on its web site – have had a tumultuous latest historical past with the CFTC. Different corporations had been ordered to stop doing enterprise within the U.S., equivalent to Polymarket and PredictIt, which has been combating the CFTC in courtroom since final 12 months.