On Friday, October 28, 2022, the Commodities Futures Trading Commission (CFTC) is expected to issue a decision on Kalshi’s application to allow political prediction markets in the U.S.
Translation: by the end of the day, we’ll know if the federal government is going to permit political gambling again.
What follows below is the behind-the-scenes story of the effort to make that happen. And in the event (somewhat likely) that the CFTC rejects Kalshi’s application, it’s also a legal & regulatory playbook for what needs to happen next.
The action starts in the second half of the podcast.
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