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

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

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

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

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

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