Appeals court rules betting on US elections can resume
By Karah Rucker (Anchor), Jodie Hawkins (Senior Video Producer), Jake Maslo (Video Editor)
A federal appeals court cleared the way on Wednesday, Oct. 2, for Americans to bet on the 2024 congressional elections. The Commodity Futures Trading Commission (CFTC) asked the appeals court to block the prediction exchange platform Kalshi from offering congressional control contracts.
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
Left
Court says betting on U.S. congressional elections can resume, for now
Click to see story on Associated Press NewsCourt says betting on US congressional elections can resume, for now
Click to see story on abc NewsElection-betting markets poised for revival as court rejects government plea
Click to see story on PoliticoThe Presidential Election Will Shape the Future of Human Health
Click to see story on Time MagazineElection betting is cleared, for now, by U.S. appeals court
Click to see story on AxiosCourt says betting on U.S. congressional elections can resume, for now
Click to see story on The Delaware County Daily TimesUS appeals court clears Kalshi to restart elections betting
Click to see story on ReutersFederal appeals court allows prediction market Kalshi to offer US election betting
Click to see story on KRDOBetting on congressional elections is lawful, federal appeals court rules
Click to see story on CNBCElection betting is legal, federal appeals court says
Click to see story on The HillCourt says betting on U.S. congressional elections can resume, for now
Click to see story on KOB 4Appeals Court Allows Americans To Bet On Congressional Elections
Click to see story on ForbesU.S. Election Betting: Kalshi Congressional Contracts Resume Trading After Court Lifts Pause
Click to see story on Coin DeskFederal appeals court allows prediction market Kalshi to offer US election betting
Click to see story on KESQCourt says betting on U.S. congressional elections can resume, for now
Click to see story on KEYTRight
Untracked Bias
US appeals court greenlights election prediction markets
Click to see story on CointelegraphUS presidential election prediction markets are now officially legal
Click to see story on Crypto BriefingCFTC loses appeal as US court greenlights prediction markets involving elections in Kalshi case
Click to see story on CryptoSlateUS presidential election prediction markets are now officially legal
Click to see story on Bitcoin Ethereum NewsUS appeals court clears Kalshi to restart elections betting – Regional Media News
Click to see story on regionalmedianews.comCourt Allows Resumption of Betting on US Congressional Elections, Temporarily
Click to see story on ecnetnews.comCFTC loses appeal as US court greenlights prediction markets involving elections in Kalshi case – Digital Currency Research
Click to see story on digitalcurrencyresearch.ioCourt Says Betting On U.S. Congressional Elections Can Resume, For Now
Click to see story on nybreaking.comUS Appeals Court Clears Way for Legal Betting on Elections – Market-News24
Click to see story on market-news24.comKalshi Cleared by Judges to Host U.S. Election-Related Bets
Click to see story on unchainedcrypto.comThe contracts allow buyers to bet on which political party will control the House and Senate after the November election. Kalshi sued the CFTC last year after the agency denied its application to list the contracts.
Download the SAN app today to stay up-to-date with Unbiased. Straight Facts™.
Point phone camera here
The CFTC claimed betting would negatively impact election integrity.
The court sided with Kalshi, ruling the CFTC had overstepped its authority.
Circuit Judge Patricia Millett said the concerns were “understandable”, but the ultimately the CFTC failed to prove that it or the public would be damaged by the betting.
The founder of Kalshi, Tarek Mansour posted the court’s decision on X and said “Kalshi prevails.”
The CFTC did not comment on the ruling.
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.
TO STAY UP TO DATE ON ELECTION NEWS, DOWNLOAD THE STRAIGHT ARROW NEWS APP AND BE SURE TO CHECK THE BOX FOR U-S ELECTIONS SO YOU NEVER MISS AN UPDATE.
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
Left
Court says betting on U.S. congressional elections can resume, for now
Click to see story on Associated Press NewsCourt says betting on US congressional elections can resume, for now
Click to see story on abc NewsElection-betting markets poised for revival as court rejects government plea
Click to see story on PoliticoThe Presidential Election Will Shape the Future of Human Health
Click to see story on Time MagazineElection betting is cleared, for now, by U.S. appeals court
Click to see story on AxiosCourt says betting on U.S. congressional elections can resume, for now
Click to see story on The Delaware County Daily TimesUS appeals court clears Kalshi to restart elections betting
Click to see story on ReutersFederal appeals court allows prediction market Kalshi to offer US election betting
Click to see story on KRDOBetting on congressional elections is lawful, federal appeals court rules
Click to see story on CNBCElection betting is legal, federal appeals court says
Click to see story on The HillCourt says betting on U.S. congressional elections can resume, for now
Click to see story on KOB 4Appeals Court Allows Americans To Bet On Congressional Elections
Click to see story on ForbesU.S. Election Betting: Kalshi Congressional Contracts Resume Trading After Court Lifts Pause
Click to see story on Coin DeskFederal appeals court allows prediction market Kalshi to offer US election betting
Click to see story on KESQCourt says betting on U.S. congressional elections can resume, for now
Click to see story on KEYTRight
Untracked Bias
US appeals court greenlights election prediction markets
Click to see story on CointelegraphUS presidential election prediction markets are now officially legal
Click to see story on Crypto BriefingCFTC loses appeal as US court greenlights prediction markets involving elections in Kalshi case
Click to see story on CryptoSlateUS presidential election prediction markets are now officially legal
Click to see story on Bitcoin Ethereum NewsUS appeals court clears Kalshi to restart elections betting – Regional Media News
Click to see story on regionalmedianews.comCourt Allows Resumption of Betting on US Congressional Elections, Temporarily
Click to see story on ecnetnews.comCFTC loses appeal as US court greenlights prediction markets involving elections in Kalshi case – Digital Currency Research
Click to see story on digitalcurrencyresearch.ioCourt Says Betting On U.S. Congressional Elections Can Resume, For Now
Click to see story on nybreaking.comUS Appeals Court Clears Way for Legal Betting on Elections – Market-News24
Click to see story on market-news24.comKalshi Cleared by Judges to Host U.S. Election-Related Bets
Click to see story on unchainedcrypto.comVOTE WITH THE UNBIASED, STRAIGHT FACTS.™
We promise you context and clarity when it matters the most!
Straight to your inbox.
By entering your email, you agree to the Terms & Conditions and acknowledge the Privacy Policy.
MOST POPULAR
-
2% of residents in Hurricane Helene’s hardest-hit counties had flood insurance
Watch 1:45Friday -
US pushing to elect new Lebanese president as Hezbollah weakens
ReadFriday -
US pays $72 million to pharmaceutical companies for bird flu vaccine
Watch 1:31Friday -
Oklahoma starts bid for 55,000 Bibles that mirror ‘Trump Bible’
Watch 2:10Friday