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International Business Times
International Business Times
Ann Resuma

US Judge Comes In Crosshairs With Regulators After Clearing Election Betting

CFTC Kalshi United States Jia Cobb
A federal judge paved the way for Americans to bet on election results (Credit: Pixabay)

A federal judge paved the way for Americans to bet on election results, as it ruled in favor of events-based marketplace Kalshi.

The ruling on Thursday dealt a blow to the U.S. Commodity Futures Trading Commission (CFTC), which initially prohibited such betting and appealed the judge's decision to the DC Circuit shortly after it was issued.

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