CFTC Staff Recommends Rejecting Kalshi's US Election Contracts: Bloomberg

Commissioners would still need to vote on the advice.

AccessTimeIconOct 28, 2022 at 10:18 p.m. UTC
Updated Oct 31, 2022 at 5:06 p.m. UTC
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Prediction market Kalshi's request to create contracts linked to U.S. election outcomes should be rejected, according to staff of the regulator weighing the request, Bloomberg reported.

Their recommendations are not binding. Commissioners at the U.S. Commodity Futures Trading Commission ultimately decide, though staff members' advice carries weight.


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