CoinVoice has recently learned that Kalshi posted on platform X stating that the U.S. Commodity Futures Trading Commission (CFTC) has "withdrawn its appeal against the cryptocurrency prediction platform." Last year, the CFTC submitted a motion trying to prevent Kalshi from offering prediction markets related to the November elections.

Previously, a federal judge ruled that the CFTC had "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." [Original link]