CandleFocus Kalshi's U.S. Election Markets Delayed Until Friday at Earliest
2024-09-09
Author: Content Editor
Kalshi, a CFTC-regulated prediction market, has won a court victory over regulators and is seeking to list its prediction markets on the upcoming US election. However, a hearing has been scheduled for Thursday, delaying the listing until at least Friday. Last year, the CFTC barred Kalshi from listing election contracts due to concerns about the integrity of elections. Despite the victory, the CFTC has filed an emergency motion to stay the order for 14 days, which, if granted, would further delay Kalshi's listing until late September. Kalshi's competitors, PredictIt and Polymarket, have gained market share during this time.
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