Appeals court rules betting on US elections can resume

A FEDERAL APPEALS COURT HAS CLEARED THE WAY FOR AMERICANS TO BET ON THE 20-24 CONGRESSIONAL ELECTIONS. 

“THE COMMODITY FUTURES TRADING COMMISSION” HAD ASKED THE APPEALS COURT TO BLOCK PREDICTION EXCHANGE PLATFORM “KALSHI” {CALL-SHEE} …FROM OFFERING “CONGRESSIONAL CONTROL CONTRACTS.”

THE CONTRACTS ALLOW BUYERS TO BET ON WHICH POLITICAL PARTY WILL CONTROL THE HOUSE AND SENATE AFTER THE NOVEMBER ELECTION. 

KALSHI SUED THE C-F-T-C LAST YEAR AFTER THE AGENCY DENIED ITS APPLICATION TO LIST THE CONTRACTS.

THE C-F-T-C CLAIMED BETTING WOULD NEGATIVELY IMPACT ELECTION INTEGRITY. 

THE COURT SIDED WITH KALSHI WEDNESDAY, RULING THE C-F-T-C HAS OVERSTEPPED ITS AUTHORITY.

CIRCUIT JUDGE PATRICIA MILLETT, SAID THE CONCERNS WERE “UNDERSTANDABLE”, BUT ULTIMATELY THE C-F-T-C FAILED TO PROVE THAT IT OR THE PUBLIC WOULD BE DAMAGED BY THE BETTING. 

THE FOUNDER OF KALSHI, POSTED THE COURT’S DECISION ON “X” SAYING, 

“U-S PRESIDENTIAL ELECTION MARKETS ARE LEGAL. OFFICIALLY. FINALLY. KALSHI PREVAILS.”

THE C-F-T-C HAS NOT COMMENTED ON THE RULING. 

FOR SAN, I’M … KARAH RUCKER. 

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