Trading Startup Sues Regulator in Effort to Launch Election-Betting Market - WSJ

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/commodities-futures/trading-startup-sues-regulator-in-effort-to-launch-election-betting-market-1de75f70 By and Updated Nov. 1, 2023 12:22 pm ET Listen (5 min) WASHINGTON—A financial startup is turning to the courts to settle a long-running debate over whether Americans should be able to bet on U.S. elections. Online-trading startup Kalshi sued the Commodity Futures Trading Commission on Wednesday, arguing the regulator wrongfully denied its application to launch a market for derivatives tied to results of congressional elections. The lawsuit could help determine whether Americans will be able to bet significant amounts of money on election outcomes, after gambling revenues

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/commodities-futures/trading-startup-sues-regulator-in-effort-to-launch-election-betting-market-1de75f70 By and Updated Nov. 1, 2023 12:22 pm ET Listen (5 min) WASHINGTON—A financial startup is turning to the courts to settle a long-running debate over whether Americans should be abl