Odaily Planet Daily News Kalshi stated on platform X that the Commodity Futures Trading Commission (CFTC) has 'withdrawn its appeal against the cryptocurrency prediction platform.' Last year, the CFTC submitted a motion attempting to block Kalshi from offering prediction markets related to the November elections. A federal judge previously ruled that the CFTC 'exceeded its authority' in preventing Kalshi from allowing users to trade contracts. CFTC Commissioner Summer K. Mersinger also stated in February this year: 'Election contracts will continue to exist.' Kalshi stated: 'The election market will continue to exist.'