The Latest Breaking News from Kalshi

More than $1.9 billion in crypto has been wagered on this presidential election on Polymarket. Here's why that matters

Millions of dollars have poured into bets on who will win the US election after a last-minute court ruling opened up gambling on the vote, upping the stakes on a too-close-to-call race that has already put voters on edge.

Stem cells, boondoggles, and watering flowers.

This week, there’s a certain irony to our newsletter being called “At the Races.” And no, it’s not because Pete Rose, Major League Baseball’s all-time hits leader who was banned from baseball for betting on the Cincinnati Reds, died​ Monday at age 83. Betting on the outcome of the congressional…

Betters have already poured hundreds of millions of dollars into the political prediction market

The popular betting site may also launch a native token.

The Commodities and Futures Trading Commission opposes betting on U.S. elections to safeguard against market manipulation and protect election integrity.

The CFTC was concerned about the propagation of activities not in the best interest of the public. It also drew concerns over unlawful gaming.

A federal judge ruled in favor of New York-based Kalshi, allowing the financial institution to offer bets on the outcomes of congressional races in some states

A federal judge's ruling may pave the way for legal gambling on U.S. elections, impacting the industry and regulators.

The predictions market Kalshi successfully sued the Commodity Futures Trading Commission, which might appeal the ruling.