Now, it has to decide whether Kalshi’s proposal will meet the same fate. The regulator was concerned that the products effectively represented a form of gambling, that they could influence the outcomes of the races themselves, and were ultimately not in the public interest. In 2012, the CFTC rejected a similar bid by the North American Derivatives Exchange, or Nadex. derivatives markets, have long been reluctant to open up trading in elections. Officials at the Commodity Futures Trading Commission, the regulator in charge of overseeing U.S. Investors would be able to wager as much as $25,000 on the outcomes of the elections. Under the proposal, Kalshi wants to list two new so-called political event contracts based on the question of whether Democrats or Republicans will take over each chamber after the midterms.
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