CFTC Begins Review of Kalshi's Congressional Control Prediction Markets

The U.S. Commodity Futures Trading Commission (CFTC) began a formal review taking a closer look at prediction market Kalshi's proposed contracts that let users bet on which political party will control Congress after an election. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De breaks down the CFTC's review process and the potential impact of the agency's decision.