SectorWire
SearchRegister
MenuClose

CFTC drops appeal over Kalshi’s US election contracts

Regulation

The CFTC voted to abandon its appeal seeking to stop Kalshi from offering contracts linked to US elections. A court filing said the vote was 3-0, with one abstention; Kalshi chief executive Tarek Mansour welcomed the decision, while Better Markets legal director Stephen Hall criticised it over election integrity and investor protection.

The decision removes the CFTC’s appeal against Kalshi’s election-linked contracts, while state-level legal challenges remain.

Request a correction

Flag an issue

Keep reading

Regulation

Coinbase suspends Michigan sports contracts under appeal agreement

Coinbase Financial Markets agreed with the Michigan Gaming Control Board to stop offering new sports event contracts to Michigan customers and close open positions by 12:00 a.m. ET on 10 October 2026, the company reportedly said. Michigan will pause enforcement while Coinbase complies and pursues its appeal before the US Court of Appeals for the Sixth Circuit; the agreement leaves the state’s authority to regulate these contracts unresolved.

Continue reading