Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections

When the CFTC denied the application earlier this year, Commissioner Summer Mersinger dissented, arguing, “It is important for the commission to make this determination the right way – by undertaking a public rulemaking process.” However, she added, “my dissent should not be taken as an endorsement of Kalshi’s Congressional Control Contracts.”