Betting on US Elections Gets Fresh Green Light From Court (1)

Americans can again legally wager millions of dollars on the outcome of congressional races after a US appeals court set the stage for a deluge of bets just five weeks before the November election.

The US Court of Appeals for the District of Columbia on Wednesday lifted a stay on trading in Kalshi Inc.’s derivatives contracts over which party will control the House and Senate. The Commodity Futures Trading Commission has argued against the products, saying they would harm the public by affecting the integrity of elections.

The ruling is the latest twist in a monthslong fight between Kalshi ...