Kalshi, the U.S. prediction market platform, has stated that its future depends on being able to list election betting contracts before the November 5th U.S. election. The company recently won a lawsuit against the Commodity Futures Trading Commission (CFTC), which had previously prohibited it from listing contracts on the control of each house of Congress after the election. Kalshi sued the CFTC, arguing that its decision was arbitrary and capricious. The judge ruled in favor of Kalshi but did not provide a rationale for the decision. The CFTC has filed an emergency motion to stay the order, which, if granted, would mean that Kalshi could not list election markets until at least late September. Kalshi claims that further delays would make it impossible for the company to meaningfully compete with other prediction market platforms.



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