The startup’s runaway success this yr has been a sore level for Kalshi, a regulated, dollar-denominated prediction market that is been combating a protracted courtroom battle with its supervisor, the U.S. Commodity Futures Buying and selling Fee, so it could record contracts on which social gathering will management every home of Congress. The company has been contemplating a proposed rule that might ban election occasion contracts in any respect the exchanges on its watch, which might push regulation of such exercise to the states.
Polymarket Reportedly Seeks $50M in Funding, Mulls Token as Election Bets Surge
