Kalshi wants to bring those markets for the first time into the CFTC’s regulatory umbrella, which also includes futures exchanges for energy and agricultural products.
politics into financial markets.Īmericans have been wagering on elections since at least the 1800s, often through unregulated venues typically based overseas. Kalshi’s plan, if approved, would mark a new era for the integration of U.S. The outcome could provide fresh insights into how permissive the current crop of officials will be when it comes to other financial tools like cryptocurrencies that are pushing the boundaries of market regulation. The decision concerns just one of several novel financial services products that Biden-era regulators are having to confront. “It would be illegal to block these markets.” “The law is very clear,” Mansour said in an interview.
