Legal Betting on US Elections: A New Era Begins
A monumental ruling by the U.S. District Judge Jia Cobb has potentially revolutionized the way Americans engage with election forecasts. Judge Cobb overturned a previous Commodity Futures Trading Commission (CFTC) decision that barred Kalshi, a prediction-market startup, from operating markets on congressional election outcomes. This decision could soon allow public trading on the political fate of the U.S. House of Representatives […]
A monumental ruling by the U.S. District Judge Jia Cobb has potentially revolutionized the way Americans engage with election forecasts. Judge Cobb overturned a previous Commodity Futures Trading Commission (CFTC) decision that barred Kalshi, a prediction-market startup, from operating markets on congressional election outcomes. This decision could soon allow public trading on the political fate of the U.S. House of Representatives […]
