Elections Bets Go Live on Kalshi After CFTC’s Court Loss (2)

Kalshi Inc. started taking wagers on the 2024 congressional elections less than an hour after a federal judge allowed the exchange to let Americans bet as much as $100 million on the outcome.

Kalshi posted new event contracts at 12:15 p.m. Thursday after a hearing concluded with US District Court Judge Jia Cobb denying the Commodity Futures Trading Commission’s repeated requests to block the listings. The CFTC had sought a stay of Cobb’s ruling from Friday in Kalshi’s favor to allow the trading of elections-linked derivatives.

“Now is finally the time to allow these markets to show the world ...