The District of Columbia U.S. Court of Appeals has stayed a federal judge’s Sept. 6 ruling allowing a New York-based startup to legally allow wagering on 2024 elections outcomes on a domestic federally regulated gambling platform in the United States.
But it’s a good bet the stay will be lifted by November’s elections, perhaps as soon as Monday, Sept. 16.
The appeals court issued its freeze hours after U.S. District Judge Jia Cobb in Washington on Sept. 12 rejected the Commodity Futures Trading Commission’s (CFTC’s) motion to block Kalshi from launching the first unrestricted elections prediction market based in the United States….