Federal Appeals Court Allows Betting on U.S. Elections

The decision temporarily lifts a ban on betting markets for congressional and potentially presidential races, pending further review.

The U.S. Court of Appeals for the District of Columbia ruled that Kalshi can resume offering bets on congressional election outcomes.
The ruling lifts a previous block imposed after the Commodity Futures Trading Commission (CFTC) argued that such bets could harm election integrity.
Kalshi, a New York-based prediction market, had sued the CFTC for the right to offer election betting, winning a favorable decision last month.
The CFTC can still seek to reimpose the ban if it provides new evidence of potential harm to the public interest.
Kalshi plans to expand its offerings to include bets on the presidential election, though the exact timeline remains unclear.