CFTC asks judge to block Kalshi’s election contracts for 14 days

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By Maya Cantina

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If granted, the suspension would mean Kalshi would not be allowed to list its election markets until late September at the earliest. The company, which settles trades in U.S. dollars, has been shut out of this year’s election betting boom, dominated by cryptocurrency-based rival Polymarket, which is barred from serving U.S. residents under its own settlement with the CFTC.

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