Federal Court Greenlights Kalshi's Congressional Election Betting

A DC appeals court ruled that Kalshi can resume election betting, despite concerns over potential impacts on election integrity.

The US Court of Appeals for the District of Columbia Circuit allowed Kalshi to offer betting on which political party will control Congress after this year's elections.
The ruling temporarily lifts a previous ban, enabling Kalshi to resume its congressional control contracts while the court considers broader issues.
The Commodity Futures Trading Commission (CFTC) argued that such betting could harm election integrity, but the court found no immediate evidence of irreparable harm.
Kalshi's legal team argues that the platform provides valuable data for election forecasting and allows individuals to hedge economic risks associated with election outcomes.
Critics, including Better Markets, warn that election betting could incentivize manipulation and undermine public trust in the electoral process.