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Senators Oppose Latest Political Futures Effort by Kalshi

August 14, 2023 | By: Robyn McNeil

A renewed effort by retail-focused futures provider Kalshi to offer markets on congressional elections currently before the Commodity Futures Trading Commission (CFTC) has attracted the scrutiny of watchdogs and lawmakers, including Senators Elizabeth Warren, Jeff Markley, and Dianne Feinstein. Kalshi is a regulated exchange that allows customers to trade on the outcome of events. Examples […]

Fifth Circuit Court of Appeals Issues Order Against Mootness in PredictIt Case

May 3, 2023 | By: Alex Weldon

In a memorandum dated May 1, the three-judge panel of the US District Court for the Western District of Texas declared that the lawsuit to determine the fate of PredictIt should continue. Circuit judges James E. Graves, James C. Ho, and Kyle Duncan denied the “suggestion of mootness” filed by the Commodity Futures Trading Commission (CFTC), the defendant in the case. The CFTC […]

Plaintiffs File Motion For Supplemental Memorandum in PredictIt Suit

December 12, 2022 | By: John Holden

Plaintiffs in the litigation challenging the looming shutdown of PredictIt have filed a motion to allow for a supplemental memorandum. PredictIt’s fate has been in jeopardy since the Commodities and Futures Trading Commission (CFTC) withdrew the No-Action letter allowing the election prediction market to operate. A federal court heard oral arguments for the case on […]

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