CFTC Loses Last-Minute Bid to Halt Kalshi Contract

It remains unclear how soon Kalshi will list the contracts, which would allow traders to bet on which party will control each house of Congress. After winning the case last week, the company boasted on its website that “election contracts are coming to Kalshi.” But as of midday Thursday on the East Coast, it had not yet self-certified the election contract, a usual procedural step before introducing a new product on a derivatives exchange.