POLITICS AND PREDICTION MARKETS - FEDERAL AND STATE GOVTS BATTLE OVER RISK & REGULATION
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“POLITICS AND PREDICTION MARKETS — FEDERAL AND STATE GOVTS BATTLE OVER RISK & REGULATION”
covered 2026-06-26 ▶ Be on the air with Al Jazeera EnglishAdd your voice
This storyWhen did the CFTC first ban political event contracts in the US?
- 1992
- 2008
- 1974
- 1936
Guess, then reveal the answer
1992
A U.S. court legalized election betting in 2024, ending a 20-year CFTC ban.
The CFTC had blocked political prediction markets since the early 2000s, calling them gambling. Kalshi's 2024 federal court win opened the door — and over $500M was traded on the 2024 U.S. election cycle.
This storyShould the U.S. back GCC allies if Iran blocks the Strait of Hormuz?
This storyShould federal regulators have authority over political prediction markets?
A U.S. court ruled in 2024 that betting on Congress is legal!
Kalshi sued the CFTC after regulators blocked its political event contracts. A federal appeals court sided with Kalshi, opening the door to regulated prediction markets on U.S. elections for the first time.
The UN & WHO both endorse Gaza Health Ministry data as reliable.
Despite public skepticism, the Gaza Health Ministry's methodology — cross-referencing hospital records and civil registry data — has been validated by the UN, WHO, and World Bank as accurate across multiple past conflicts.
