The U.S. Commodity Futures Trading Commission (CFTC) lost an election contract case involving Karsh, but Chairman Benham insisted that it would continue to investigate the case, arguing that activities in election prediction markets are illegal. He reiterated that the CFTC's regulation of the U.S. election market could cause risks and is currently formulating rules to completely ban prediction markets. Benham suggested that such markets be regulated within the scope of state-level gambling.

Key points

- Chairman Benham of the U.S. Commodity Futures Trading Commission (CFTC) said that it would continue to pursue the alleged illegal Karsh case.

- The District of Columbia Court ruled that the CFTC had no authority to ban Karsh's political prediction market.

- The U.S. Federal Court of Appeals has suspended the CFTC's new market ban on Karsh.

- Benham emphasized the dangers of the CFTC regulating the U.S. election market while formulating rules to ban prediction markets.

- He believes that if society approves, election gambling regulation should be moved to the state-level gambling industry.

- The lawsuit involves prediction markets for the situation of political control in the United States.