Even Temporarily Blocking Election Contracts Risks ‘Irreparable’ Harm, Kalshi Argues

Prediction
market
company
Kalshi
should
be
allowed
to
list
and
trade
its
new
political
contracts
while
the
U.S.
Commodity
Futures
Trading
Commission
appeals
its
court
loss,
the
company

said
in
a
filing
Friday.

Kalshi,
which
won
a
significant
victory
in
court
last
week
when
a
federal
judge
ruled
its
political
prediction
markets
should
be
allowed
to
trade
in
the
U.S.,
said
the
CFTC
wouldn’t
suffer
any
major
harm
if
its
new
contracts
were
allowed
to
trade
during
the
appeal
process,
but
the
company
would
“suffer
substantial
–
indeed,
irreparable
–
harm”
if
it’s
blocked
from
letting
people
bet
on
the
outcome
of
the
2024
elections.