CFTC Kicks Off Review of Prediction Market Kalshi’s Congressional Control Betting Contracts

“The Commission should treat Kalshi’s certification in the same manner it treats all DCM certifications of new products, and then do what Congress provided: Undertake a public rulemaking process to establish a legal framework for exercising its discretion to determine whether event contracts, including those relating to political control, may be prohibited from trading because they are contrary to the public interest,” she said.