A federal appeals court in Washington, DC, on Wednesday allowed a prediction market to offer election betting, denying a government watchdog’s request to halt a ruling that made way for legal political gambling in the United States.

Americans are once again free to bet on the outcome of U.S. congressional elections, at least temporarily ATLANTIC CITY, N.J. — Betting on the outcome of U.S. Congressional elections can resume, at least temporarily,

A U.S. federal appeals court on Wednesday upheld a lower court's order that permitted New York derivatives trading platform KalshiEX LLC to list contracts that allow Americans to bet on election outcomes.

Betting on the outcome of US congressional elections may now be legal thanks to a Wednesday federal appeals court ruling. The Commodities Futures Trading Commission asked the appeals court to block Kalshi — a financial exchange startup — from offering “Congressional Control Contracts.

The prediction market startup Kalshi is clear, for now, to offer markets on which party will control each house of Congress after the next election. Why it matters: Smaller markets offering bets on elections have existed for a long time and,