PredictIt, a popular site for (dollar-denominated) election betting, operates in the U.S. under a no-action letter, or special exemption, from the CFTC that restricts the platform’s growth and activities. It, too, sued the CFTC after the regulator ordered it to shut down.
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- Source: https://www.coindesk.com/business/2024/03/12/prediction-market-kalshi-to-take-bets-on-crypto-settled-in-dollars/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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