The U.S. CFTC rejects prediction market Kalshi's congressional election betting plan
ChainCatcher news, according to CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) has rejected the congressional campaign betting plan of the prediction market Kalshi.
After KalshiEx LLC submitted its application in June 2023, the CFTC stated that the plan involves illegal gambling and activities, which is against the public interest.
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