The political betting world’s regulatory nemesis has been the CFTC, which regulates derivatives trading and has long-running concerns that election-related betting runs afoul of rules for that market. “We’re going to keep pushing,” Kalshi CEO Tarek Mansour told MM. The startup Kalshi, which has also faced regulatory resistance, is refusing to back down from offering wagers on congressional control. PredictIt, the political markets operator that federal regulators tried to shut down months ago, has launched new contracts that allow for bets on the longshot presidential bids of Vivek Ramaswamy, Chris Christie and Robert F. Programming note: We’ll be off this Monday and Tuesday for the Fourth of July but will be back in your inboxes on Wednesday.Īmerica’s political betting markets are mounting a comeback bid for 2024 - no matter Washington’s concerns. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Editor’s note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m.
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