Kalshi is a regulated exchange and prediction market where users can trade on the outcome of real-world events, including political elections.
2. What Recent Court Ruling Allows Kalshi to Restart Elections Betting?
A U.S. federal appeals court upheld a lower court's order, permitting Kalshi to restart elections betting. This ruling came after Kalshi was temporarily blocked from hosting election bets.
3. When Can Users Place Bets on the U.S. Presidential Election?
Users can place wagers on who they think will win the U.S. presidential election starting at 4:45 p.m. ET on Thursday, October 3rd.
4. What is the Minimum Bet Amount for Election Contracts?
The minimum bet amount for election contracts is just $1, according to Kalshi co-founder Tarek Mansour.
5. How Does Kalshi Handle Cryptocurrency?
Kalshi does not currently accept wagers in cryptocurrency, but it has implied that it might in the future.
6. What is the Legal Status of Kalshi's Contracts?
Kalshi's contracts are regulated by the CFTC (Commodity Futures Trading Commission), which has been involved in a lawsuit with Kalshi over the legality of its political betting contracts.
7. What is the Future of Political Betting on Kalshi?
The CFTC is drafting rules that could potentially ban bets on political events, but Kalshi has argued that these rules are arbitrary and capricious. The platform continues to operate despite these challenges, offering a unique space for users to engage in political prediction markets.
