A federal judge has cleared the way for betting on election results in the US for the first time in the modern era, overturning a prohibition imposed on gambling companies by the Commodities Futures Trading Commission, a financial regulator.
In November, the CFTC was sued in the District of Columbia by New York-based Kalshi, which operates a predictions market that allows users to bet on the outcome of various events, from the volume of recorded bird flu cases to the number of cars produced by Tesla. Kalshi filed a lawsuit seeking to overturn a CFTC decision preventing it
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