Federal Court ‘Erred’ in Letting Kalshi Launch Prediction Markets, CFTC Says
Kalshi, a popular online prediction market platform, has recently made headlines by introducing a wide range of election betting contracts. These contracts cover various aspects of election outcomes, including the presidential election, popular vote winner, margins of victory, and even bets on individual states and federal elections.
According to the company’s official filing, Kalshi has embraced the opportunity to offer a diverse selection of election betting options. This includes bets on which state will have the narrowest margin of victory, as well as other unique propositions. Additionally, Kalshi has teased the upcoming introduction of ‘parlays,’ a term commonly used in sports betting, for combining multiple election outcomes into a single bet.
With the launch of these new betting contracts, Kalshi is aiming to provide users with a fresh and innovative approach to political wagering. By offering a wide range of options and introducing unique features like parlays, Kalshi is setting itself apart in the world of online prediction markets.
