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US prediction market Kalshi scores ‘huge win’ against CFTC
US predictions market Kalshi has reportedly had a CFTC order overturned, allowing it to offer derivatives for betting on the upcoming election. Read More
Are You Ready to Bet on U.S. Elections? A Judge’s Ruling Opens the Door
Get ready for legalized betting as soon as next week on whether Democrats will take back control of the U.S. House of Representatives in November. A federal judge on Friday cleared the way for ... Read More
CFTC Concludes Public Comment Period on Proposed Election Trading Ban
The Commodity Futures Trading Commission (CFTC) has recently concluded the public comment period for its proposed rule ... Read More
Election Betting Markets Swing Towards Trump Again
Trump’s odds have risen sizably compared to last week, when bettors had both candidates locked in a dead heat. Read More
US Traders Flock to an Election-Betting Site They're Banned From
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The agency is pushing for a clampdown on election-related betting and ... In May, the CFTC proposed banning derivatives from being used to bet on US elections and sports games. Read More
Democrats Back Election Betting Ban as Interest in US Political Wagering Surges
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Nevertheless, the CFTC ... favor a ban on election contract trading. “Betting on election outcomes can incentivize those with financial or political interests to interfere with elections ... Read More
Trump And Harris Locked In A Virtually Tie In Election Betting Markets
Bets in favor of former President Donald Trump winning have nudged upwards a week after Trump gained backing from independent candidate Robert F. Kennedy Jr. Read More
U.S. looks to ban election betting as traders flock to prediction sites
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Even before President Joe Biden had announced his exit from the 2024 election, thousands of voters flocked to the website PredictIt last month, hoping to place bets on the other candidates who ... Read More
Sports Betting Industry Seeks Hedging Opportunities With Futures Contracts
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One activity that faces forbidden contracts is “gaming,” the definition of which would ban trading in (or de facto wagering on) elections, awards, and sporting events. Yet the Sports Betting ... Read More
Wanna bet? Election wagers provide key insight into results, face regulatory threat
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Instead of placing a regular wager like one might place at a sports book ... being on the ballot. CFTC chairman Rostin Behnam has pursued regulation to ban betting on election outcomes on ... Read More
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