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4d ago

CFTC Ends Legal Challenge Over Kalshi Election Betting Markets

The regulator moves to dismiss its appeal, solidifying Kalshi's right to offer political event contracts under prior court rulings.

Signage is seen outside of the US Commodity Futures Trading Commission (CFTC) in Washington, D.C., U.S., August 30, 2020. REUTERS/Andrew Kelly
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Overview

  • The Commodity Futures Trading Commission (CFTC) filed a motion to voluntarily dismiss its appeal against Kalshi's election betting markets case on May 5, 2025.
  • The dismissal agreement stipulates that both parties will bear their own legal costs, and Kalshi waives any claims arising from the litigation.
  • The legal dispute began in 2023, when the CFTC blocked Kalshi's proposal to list event contracts on congressional control, citing public interest concerns.
  • A September 2024 ruling by Judge Jia Cobb determined that the CFTC lacked the authority to conduct a public interest review to block such contracts.
  • Kalshi CEO Tarek Mansour hailed the resolution as a definitive step for the future of regulated prediction markets in the U.S., though broader regulatory debates persist.