Name: Kalshi's Market Impact: Election Betting & Legal Challenges
Uploaded: 2025-05-07T14:13:28-04:00
Duration: 3 min 28 s
Description: Kalshi continues to expand in the betting industry despite challenges. For more legal analysis across the gaming industry, check out Legal Sports Report.

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Kalshi continues to expand in the betting industry despite challenges. For more legal analysis across the gaming industry, check out Legal Sports Report.

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Kalshi's Market Impact: Election Betting & Legal Challenges

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All right, uh, Calci, uh, the prediction market company is in the news again this time, an appeal of their election bet offers for those unfamiliar, uh, Calci in the prediction business, not in the sports betting business, but initially known for being able to take predictions on the, uh, the presidency, like elections and things like that. What's the latest with Calci? Yeah, so first of all, talking about discussing things. Kelshi is the topic of discussion in this industry, um, because it is available in all 50 states and, and is, is seemingly going forward and, and not worried too much about the challenges from certain state gaming regulators who are saying, no, you are betting, you can't do it here. Um, but to, to your point, this is the CFTC, they have dropped an appeal that, you know, said that election betting is OK. They said, wait a second, we don't like that. Um, because, yeah, last year, at first they said no, you can't take election bets or prediction or trade on elections, um, and then eventually it was OK and then the Kels she went ahead and did it and made quite a bit of money and saw a bunch of uh volume go through in just a month or a month and a half of uh allowing it on the platform for the 2024 election. You know, so this is just kind of, it brings a lot of questions. There's lots of concerns about it from people in the industry and, and watchdogs and, and saying, you know, this could cause integrity issues in something very foundational to the US and and how elections work and kind of where things can go. Um, so we'll see, but it is the CFTC just kind of loosening up on Kel. She's, you're still, you know, they've allowed them to offer uh sports prediction markets, uh, you know. Do you think somebody's going to win a series? Do you think somebody's going to get hit, um, and those continue to, to be uh added pretty much daily, it seems like on Calci. And so we'll see how much more that kind of goes through. Of course, we've had multiple state regulators say, hey, you can't do that, including Nevada and New Jersey, two of the leading gaming regulators in the nation. And uh, you know, there's been a couple lawsuits that have gone C Calci's way in those states so far, so. It's going to be an interesting thing to to to to watch. I mean, it does this continue to grow. Um, it is available again all 50 states. So if you're in California and you don't have legal sports betting, you can legally go to Calci and pick a game winner, uh, or a game loser. And so, you know, that's a huge development in this uh industry and you know, we've seen some action and and moves on the major platforms like DraftKings. They've thought about, uh, you know, going towards this way in some markets and We haven't seen anything go further than that, but yeah, it's, uh, you know, the election market and the and the CFTC's lax take on that now is, is interesting because they also, if you recall, canceled a round table that was going to look in the sports trading. Um, and we saw lots of state regulators, platforms, the like, send letters in to be discussed, uh, in that roundtable. So, you know, is that going to be rescheduled and, and where that goes and yet to be seen and where the regulated regulator pushback on calci goes again, yet to be seen, but again, it's available in all 50 states and you can basically uh bet on sports.

Kalshi's Market Impact: Election Betting & Legal Challenges

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