US regulator begins review of prediction market's proposed Congress control betting contracts

06/24 04:05

June 24 (Huobi) - The U.S. Commodity Futures Trading Commission has initiated a 90-day review of KalshiEX LLC's proposed contracts for betting on which major political party will control Congress after the next election. The review includes a 30-day public comment period seeking input on various aspects of the contracts. The CFTC had previously announced a public meeting to discuss the issue, but it was cancelled. Two CFTC Commissioners dissented from the decision to launch a new review period, citing concerns about delaying a resolution and potential violations of an appeals court ruling.
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