Jun 23, 2023 · Washington, D.C. — The Commodity Futures Trading Commission today announced that it has commenced a review of contracts self-certified by KalshiEX, LLC (Kalshi) on which political party will be in control of each chamber of the U.S. Congress, under CFTC Regulation 40.11 (c).

Sep 22, 2023 · Washington, D.C. — The Commodity Futures Trading Commission today issued an order disapproving congressional control political event contracts self-certified by KalshiEX LLC. The contracts would have been cash-settled, binary contracts based on the question: “Will <chamber of Congress> be controlled by <party> for <term>?”

Jan 30, 2025 · Election event contracts offered by platforms like Kalshi Inc. stand to receive the Commodity Futures Trading Commission’s blessing under new acting Chairman Caroline Pham, who as a dissenting commissioner called for the agency to regulate political contract markets.

Oct 2, 2024 · The Commodity Futures Trading Commission (CFTC) prohibited these contracts, arguing they constituted gaming or election gambling, which is illegal in many states. Kalshi challenged this decision under the Administrative Procedure Act, claiming the CFTC's determination was arbitrary and capricious.

On 12 September 2024, the U.S. District Court for the District of Columbia ruled in KalshiEx LLC v. CFTC that designated contract markets may list event contracts whose payouts are tied to...

Kalshi announced today that KalshiEX LLC has received approval from the Commodity Futures Trading Commission (CFTC) as an authorized Designated Contract Market (DCM), establishing Kalshi as the first regulated financial exchange dedicated to trading event contracts.

Judge Jia Cobb of the District of Columbia court ruled last week that the CFTC exceeded its authority by banning Kalshi from listing U.S. political prediction markets, basically bets on which...

3 days ago · The Commodity Futures Trading Commission’s staff has issued an additional letter regarding a no-action position on reporting and recordkeeping obligations for Kalshi.

Sep 16, 2024 · Kalshi has once again been blocked from offering political contracts in U.S. markets after initially making them available to consumers last week. The blockage occurred when the CFTC filed an appeal in the D.C. Circuit after submitting an emergency motion for a two-week stay on the issue.

Sep 19, 2024 · A panel of judges grilled attorneys for the U.S. Commodity Futures Trading Commission and prediction-betting platform Kalshi over the company's efforts to launch political prediction markets in...