CFTC Rejects Bid to Legalize Gambling on U.S. Elections
Today, the Commodity Futures Trading Commission (CFTC) rejected a request to legalize gambling on U.S. election outcomes. In July, Common Cause filed comments, co-signed by more than 15,000 of its members, strongly urging the CFTC to reject the proposal arguing that KalshiEX, LLC’s (“Kalshi”) proposed Congressional control event contract posed “new and profound threats to the integrity of our democracy and our elections.”