Betting on the election will soon be legal in US after massive court ruling [Video]

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White House Correspondent

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 contracts allow buyers to bet on which political parties will win the House and Senate following the 2024 election.

On Wednesday, the appeals court declined to block a lower court’s decision that allowed betting on the outcomes, opposing …