Source: SFGate
“Betting on the outcome of U.S. Congressional elections can resume, at least temporarily, a federal appeals court ruled Wednesday. The U.S. Court of Appeals for the District of Columbia Circuit dissolved an order it had previously issued that prevented New York startup company Kalshi from taking bets on which political party would control the House and Senate after this November’s elections. The ruling clears the way for such betting to resume while the court further considers the underlying issues in the case. So far, Kalshi has only offered bets on congressional races; it was not immediately clear whether they plan to expand offerings to include the presidential election. The court said it could reconsider a ban if the commission provides new evidence of serious harm to the public interest in the coming weeks.” (10/02/24)
https://www.sfgate.com/news/politics/article/court-says-betting-on-u-s-congressional-19810977.php