Crypto

Kalshi's U.S. Election Markets Delayed Until Friday at Earliest

In a recent development, the judge overseeing the prediction market’s court case against the Commodity Futures Trading Commission (CFTC) has scheduled a hearing for Thursday to address the regulator’s motion for a two-week delay.

The prediction market, which allows users to bet on the outcome of various events, has been embroiled in a legal battle with the CFTC over its operations. The regulator has raised concerns about the platform’s compliance with federal trading regulations.

Despite the ongoing legal challenges, the prediction market has continued to operate, allowing users to place bets on a wide range of events, from sports outcomes to political elections. The platform has garnered a significant following, with many users eager to test their predictive abilities and potentially earn a profit.

With the upcoming hearing, both supporters and critics of the prediction market will be watching closely to see how the judge rules on the CFTC’s motion for a delay. The outcome of the hearing could have far-reaching implications for the future of the prediction market and its ability to operate legally in the United States.

As the legal battle between the prediction market and the CFTC continues to unfold, it remains to be seen how the platform will adapt to changing regulatory requirements and navigate the complex legal landscape of the trading industry.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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