Imagine being able to place bets on who will win the U.S. elections, just like you would on a sports game. It sounds wild, but that’s exactly what’s happening right now!
A major change is on the way. A recent court decision means that a new prediction market called Kalshi can now let people bet on U.S. elections. This could be a huge shift in how we handle politics and betting in America.
What Happened?
A federal judge, Jia Cobb, recently made a big ruling that allows Kalshi to offer bets on who will control Congress. This is something that hasn’t been done legally in the U.S. for over a century! Kalshi’s new contracts will let people trade on whether Democrats or Republicans will win control of the House of Representatives this November.
Why is This a Big Deal?
Before this, the Commodity Futures Trading Commission (CFTC) had blocked these kinds of bets, saying they were illegal. But Kalshi fought back and won. This victory might open the door for more betting on ot...
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