Kalshi

Kalshi's New Political Prediction Markets Halted as CFTC Appeals Loss

Contracts offered to U.S. customers on who will control Congress only traded a few hours before being halted pending the appeal.

By Nikhilesh DeSep 13, 2024

Policy

Kalshi Lists Long-Sought Election Contracts After Beating CFTC in Court

Contracts on which party will control the Senate and House went live Thursday shortly after a federal judge rejected the regulator's last-minute bid to block them.

By Cheyenne LigonSep 12, 2024

NEW YORK, NY - SEPTEMBER 10: Diners watch as Republican presidential candidate, former U.S. President Donald Trump, and Democratic presidential candidate, U.S. Vice President Kamala Harris, debate for the first time during the presidential election campaign on September 10, 2024 at the Bar Tabac in New York City. After earning the Democratic Party nomination following President Joe Biden's decision to leave the race, Harris faced off with Trump in what may be the only debate of the 2024 race for the White House. (Photo by Robert Nickelsberg/Getty Images)

News Analysis

U.S. Election Betting: What's at Stake in Final (?) CFTC-Kalshi Showdown

Here's how to listen to Thursday's hearing in the closely watched federal court case over political prediction markets, and why it matters.

By Marc HochsteinSep 12, 2024

WASHINGTON, DC - DECEMBER 01: Commodity Futures Trading Commission Chairman Rostin Behnam testifies about the collapse of the cryptocurrency exchange company FTX before the Senate Agriculture, Nutrition and Forestry Committee in the Dirksen Senate Office Building on Capitol Hill on December 01, 2022 in Washington, DC. In his first public comments since his business collapsed, Sam Bankman-Fried told the New York Times Wednesday that management and accounting failures were the reason for the collapse of his $32 billion company, which has sparked civil and criminal investigations. (Photo by Chip Somodevilla/Getty Images)

Policy

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

The judge in the prediction market's court case against the CFTC has called a hearing Thursday over the regulator's motion for a two-week delay.

By Marc HochsteinSep 9, 2024

GREENSBURG, PENNSYLVANIA - AUGUST 21: Supporters of former President Donald Trump volunteer at a Republican Party booth at the the Westmoreland Fair, handing out lawn signs and registering voters, August 21, 2024 in rural Westmoreland County, Pennsylvania. Pennsylvania is deeply divided politically, with the urban centers at either end of the state supporting the Democratic Party, and large sections of the rural communities enthusiastic for a second Donald Trump victory.(Photo by Andrew Lichtenstein/Corbis via Getty Images)

News Analysis

Kamala Harris Will 'Win' First Debate With Trump, Polymarket Traders Are Betting

Also, there are now prediction market contracts about other prediction market contracts.

By Sam ReynoldsSep 9, 2024

DETROIT, MICHIGAN - SEPTEMBER 02: Flanked by labor union leaders, Democratic presidential candidate Vice President Kamala Harris speaks to union workers during a campaign event on September 02, 2024 at Northwestern High School in Detroit, Michigan. Harris is scheduled to host another event in Pennsylvania later in the day. (Photo by Scott Olson/Getty Images)

Policy

U.S. Election Betting Delay Would Be 'Devastating' to Kalshi, Firm Says

The prediction market site "has staked its future on ... these markets," it told a court, pushing back against the CFTC's motion for a two-week wait.

By Marc HochsteinSep 9, 2024

Policy

CFTC Pleads With Judge to Block Kalshi Election Contracts for 14 Days

The agency says it can't make "an informed decision" about whether to appeal the judge's decision in Kalshi's favor until it knows her as-yet-unpublished rationale.

By Marc HochsteinSep 7, 2024

DENVER, COLORADO - MARCH 5: An election judge holds "I Voted" stickers while collecting drive-thru ballots on March 5, 2024 outside the Highland Recreation Center in Denver, Colorado. 15 States and one U.S. Territory hold their primary elections on Super Tuesday, awarding more delegates than any other day in the presidential nominating calendar. (Photo by Marc Piscotty/Getty Images)

Policy

Kalshi Cleared to Offer Congressional Prediction Markets in Victory Against CFTC

With two months to go before the election, the U.S.-regulated platform may now get a sliver of the 2024 political betting bonanza that's been dominated by crypto-based rival Polymarket.

By Marc HochsteinSep 6, 2024

ATLANTA, GEORGIA - MAY 21: A 'Wait Here To Vote' sign is seen in a polling location as cvoters check in to cast ballots on May 21, 2024 in Atlanta, Georgia. Among the races on the ballot in Fulton County are Scott McAfee, the Fulton County Superior Court Judge overseeing former president Donald Trump’s election interference criminal trial, and Fulton County District Attorney Fani Willis, who is prosecuting the case. (Photo by Elijah Nouvelage/Getty Images)

News Analysis

Kamala Harris Pulls Well Ahead of Trump on Polymarket

Plus: Will Trump mention crypto in Elon Musk interview?; don't hold your breath for OpenAI's Sora.

By Sam ReynoldsAug 12, 2024

WAYNE, MICHIGAN - AUGUST 08: Democratic presidential candidate U.S. Vice President Kamala Harris speaks at a campaign rally at United Auto Workers Local 900 on August 8, 2024 in Wayne, Michigan. Kamala Harris and her newly selected running mate Tim Walz are campaigning across the country this week. (Photo by Andrew Harnik/Getty Images)

News Analysis

Prediction Markets and Polls Both Got the French Election Wrong

Plus: Polymarket traders remain skeptical about Biden's insistence he's staying in the U.S. presidential race; will ETH fall to $2,630?

By Sam ReynoldsJul 8, 2024

PARIS, FRANCE - JULY 07: People are seen celebrating on the statue of Marianne on the Place de la Republique to celebrate after the Nouveau Front Populaire, an alliance of left wing parties including the far-left wing party, La France Insoumise came in first on July 07, 2024 in Paris, France. The National Rally party was expected to have a strong showing in the second round of France's legislative election, which was called by the French president last month after his party performed poorly in the European election, but first projections have shown an unexpected lead for French left wing alliance New Popular Front. (Photo by Remon Haazen/Getty Images)

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