U.S. federal appeals court approves derivatives exchange to list event contracts related to U.S. election

According to a court ruling on October 2, a U.S. federal appeals court has approved derivatives exchange Kalshi to list event contracts related to the results of the U.S. election despite opposition from regulators. The ruling paves the way for election prediction markets, potentially including Web3 platforms such as Polymarket, to operate in the United States. On October 2, the U.S. Court of Appeals for the District of Columbia Circuit ruled that the Commodity Futures Trading Commission (CFTC)’s proposal to block Kalshi from listing derivatives related to political results on the eve of the U.S. presidential election was invalid. (Cointelegraph)