Sunday, September 29, 2024

Psst — It Might Soon Be Legal to Bet Money on Federal Elections

Dice on the American flag
Vladimir Sukhachev / Shutterstock.com

America, get ready to place your bets. Perhaps. In early September, financial exchange startup Kalshi won its battle to provide the chance for folks to place bets on which party will control Congress next year. District Judge Jia Cobb in Washington ruled in favor of Kalshi and against the Commodity Futures Trading Commission, which had prohibited Kalshi from offering such bets. The commission…



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