Kalshi Launches $100M Betting On US Elections 2024 Amid Court Win

Quick Summary:

Kalshi Inc.has secured a big win in the court to launch its $100 million betting market on the 2024 U.S.congressional elections.

A federal judge ruled against the Commodity Futures Trading Commission (CFTC), which had sought to block the firm’s election-based event contracts.

Notably, this move is set to shake up political betting markets and open new avenues for traders in a regulated environment.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Betting CFTC US 2024 elections US Presidential Elections 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 22:33:54 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 562 words

Reading Time: 4 minutes read

Sentences: 45 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22479273

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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Year Established: 2017

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

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