Federal Court Lifts Ban, Greenlights Election Betting — for Now
Every $100 bet will payout $154 if gamblers choose Democrats taking control of the house.
Step right up and place your bets. A federal judge has cleared a path for Americans to gamble cash on the upcoming elections.
On Thursday, U.S. District Court Judge Jia Cobb at Washington lifted a ban on election betting in a case against Kalshi, a New York-based startup that focuses on prediction markets, according to the Associated Press. The ruling lifted a ban placed on the company last year by the Commodity Futures Trading Commission.
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