Sunday, December 10, 2023

CFTC Kicks Off Assessment of Prediction Market Kalshi’s Congressional Management Betting Contracts



“The Fee ought to deal with Kalshi’s certification in the identical method it treats all DCM certifications of latest merchandise, after which do what Congress supplied: Undertake a public rulemaking course of to determine a authorized framework for exercising its discretion to find out whether or not occasion contracts, together with these regarding political management, could also be prohibited from buying and selling as a result of they’re opposite to the general public curiosity,” she mentioned.

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