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

The prediction markets – which permit individuals “to purchase and promote contracts on whether or not occasions are going to occur or not,” as Kalshi describes it on its website – have had a tumultuous current historical past with the CFTC. Different firms had been ordered to stop doing enterprise within the U.S., reminiscent of Polymarket and PredictIt, which has been preventing the CFTC in court docket since final yr.