Jun 23, 2023 · — The Commodity Futures Trading Commission today announced that it has commenced a review of contracts self-certified by KalshiEX, LLC (Kalshi) on which political party will be in control of each chamber of the U.S. Congress, under CFTC Regulation 40.11 (c).

Jan 30, 2025 · Election event contracts offered by platforms like Kalshi Inc. stand to receive the Commodity Futures Trading Commission’s blessing under new acting Chairman Caroline Pham, who as a dissenting commissioner called for the agency to regulate political contract markets.

Oct 2, 2024 · The Commodity Futures Trading Commission (CFTC) prohibited these contracts, arguing they constituted gaming or election gambling, which is illegal in many states. Kalshi challenged this decision under the Administrative Procedure Act, claiming the CFTC's determination was arbitrary and capricious.

Aug 26, 2022 · — The Commodity Futures Trading Commission today announced the beginning of a review of KalshiEX, LLC’s (KalshiEx) proposed contracts on which political party will be in control of each chamber of the U.S. Congress (Congressional Control Contracts) under CFTC Regulation 40.11(c).

Sep 22, 2023 · In a submission to the CFTC, dated June 12, 2023, Kalshi, a designated contract market, self-certified the contracts pursuant to CEA section 5c (c) (1) and CFTC Regulation 40.2. The CFTC initiated a review of the contracts, pursuant to …

Oct 3, 2024 · Kalshi initially rolled out the contracts on September 12 after US District Judge Jia Cobb in Washington rejected the commission’s bid to stop the platform from offering them. The CFTC quickly...

Oct 1, 2024 · Kalshi v. CFTC. Kalshi, a regulated trading platform, sought to offer binary option contracts concerning which political party would control each chamber of Congress (“Congressional Control Contracts”) certifying their compliance with the Commodity Exchange Act (“CEA”) in June 2023.

Jan 17, 2025 · CFTC called Kalshi’s first election contract ‘a Trojan horse’ Prediction market Kalshi Inc. and the Commodity Futures Trading Commission made their case to an appeals court that will help decide whether trading on political markets should be banned.

Feb 4, 2025 · The Commodity Futures Trading Commission’s staff has issued an additional letter regarding a no-action position on reporting and recordkeeping obligations for Kalshi Image Source: Shutterstock.com Last September , the Court of Appeals for the District of Columbia Circuit applied a temporary freeze order against Kalshi , stopping election ...

On 12 September 2024, the U.S. District Court for the District of Columbia ruled in KalshiEx LLC v. CFTC that designated contract markets may list event contracts whose payouts are tied to...