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Regulator blocks bid to launch U.S. political-betting site

Por: MarketWatch Politics September 22, 2023

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CFTC Chair Rostin Behnam said in a Friday statement that federal law requires his agency to evaluate such proposals to determine whether they violate any individual state laws and are in the public interest, and that Kalshi’s failed both tests. “The approval of political event contracts of the type presented in the order would require the CFTC to exercise its oversight and enforcement authorities in the manner of an election cop,” Benham... + full article



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