Judge's ruling opens door to US election betting
A federal court ruling permits betting on U.S. congressional elections, with Kalshi approved to offer political contracts, potentially leading to broader acceptance of election wagering in the country.
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A recent federal court ruling has paved the way for legalized betting on U.S. elections, specifically allowing Americans to place bets on the outcome of congressional elections. The prediction-market startup Kalshi has received approval to list political contracts, enabling users to trade on whether Democrats will regain control of the U.S. House of Representatives in the upcoming November elections. This development marks a significant shift in the landscape of political betting, potentially leading to broader acceptance and legalization of wagering on election outcomes in the United States.
- A federal judge's ruling allows betting on U.S. congressional elections.
- Kalshi, a prediction-market startup, will offer trading on political contracts.
- The decision could lead to wider legalization of election betting in the U.S.
- Users can start placing bets on the control of the House of Representatives next week.
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