CFTC Rejects Political Betting, Court Supports Kalshi
The CFTC, led by Behnam, denies derivatives for political betting, but a court ruling in favor of Kalshi underscores the rise of election-related betting. Discover the implications.
The CFTC under Behnam rejected the use of derivatives for betting on political events, but a court ruling in favor of Kalshi highlighted the growth of election-related betting.