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Election markets benefit everyone - that’s why we’re fighting to get them approved

By Kalshi

And why we filed a lawsuit against the CFTC.
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UPDATE: On September 6, 2024, US District Judge Jia M. Cobb ruled that the CFTC exceeded its authority by blocking Kalshi from listing U.S. election contracts.

As a result, Election markets are now 100% legal and live on the platform! Click here to trade now!
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Election outcomes have consequences for everyone. They play a pivotal role in determining our collective future, and carry enormous financial implications for businesses and individuals. That’s why Kalshi applied to offer political event contracts, and why we are now going to court to contest the CFTC’s denial of that application.

Today, Americans face a complex risk environment. Kalshi’s mission is to create opportunities for individuals and small businesses to hedge risk in ways previously available only to large corporations using bespoke products designed by investment banks. 

The uncertainty surrounding election outcomes poses no less economic risk than uncertainty over hurricanes, pandemics, or oil supply – all markets which you can trade on Kalshi today.

Political event contracts will level the playing field for all, enabling individuals the freedom to trade safely on election outcomes and protect their own financial interests. 

Today, Wall Street has tools to trade on election outcomes — and Kalshi wants to bring access to Main Street.

Beyond the economic hedging benefits, political event contracts serve the interests of the public by harnessing high-quality, dynamic predictive data. These contracts will offer a unique window into traders’ perceptions of future political developments.  

The current political polling system is broken. It is biased, dependent on outdated methods, and easily manipulated. Traditional opinion polls and other methods of measuring public attitudes cannot compete with the immediacy, transparency or neutrality of Kalshi’s markets.

A legitimate election market will enable Americans to filter out the noise and the nonsense, make informed decisions and navigate uncertainties. 

Trustworthy election forecasts, rooted in enabling people to put their money where their mouth is, are not just valuable; they are essential. 

It is clear the CFTC has no power to prohibit political event contracts. We believe these markets are necessary and they are most certainly lawful. Elections are not a game; they have real economic consequences, and you deserve the right to trade on the outcomes.

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