The prediction markets – which permit individuals “to purchase and promote contracts on whether or not occasions are going to occur or not,” as Kalshi describes it on its web site – have had a tumultuous current historical past with the CFTC. Different firms had been ordered to stop doing enterprise within the U.S., resembling Polymarket and PredictIt, which has been combating the CFTC in court docket since final 12 months.