{"id":30650,"date":"2024-10-08T04:00:50","date_gmt":"2024-10-08T01:00:50","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=30650"},"modified":"2024-10-08T02:10:15","modified_gmt":"2024-10-07T23:10:15","slug":"us-election-betting-contracts-candidates-seem-equal","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/us-election-betting-contracts-candidates-seem-equal\/","title":{"rendered":"US Election Betting Contracts Candidates Seem Equal"},"content":{"rendered":"<p>Kalshi, a derivatives exchange, has launched legal betting contracts for the 2024 U.S. presidential election, becoming the first platform in the U.S. to offer this service following a significant court victory. After prevailing in a lawsuit against the Commodity Futures Trading Commission (CFTC), Kalshi is now permitted to offer event contracts tied to U.S. political outcomes.<\/p>\n<p>These contracts, often referred to as binary options, allow participants to bet on specific election-related outcomes such as presidential nominees, state winners, and Senate seat results. Kalshi&#8217;s move comes just weeks ahead of the U.S. presidential election in November, creating a new market for political betting.<\/p>\n<p><em>Might interest you: <a href=\"https:\/\/coinengineer.net\/blog\/what-is-babydoge\/\">What is BabyDoge?<\/a><\/em><\/p>\n<p>Despite Kalshi&#8217;s court win, the CFTC expressed concerns, claiming that such election markets could undermine the integrity of elections. However, proponents argue that prediction markets like Kalshi can provide a more accurate reflection of public sentiment than traditional polling.<\/p>\n<p>Kalshi is currently playing catch-up to Polymarket, a leading Web3-based election betting platform, which has reportedly seen over $1 billion in volume. Kalshi, by contrast, has so far attracted $775,000 in volume. With the court rulings allowing election betting in place, Kalshi&#8217;s entry could mark the start of a broader trend in political event trading.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kalshi, a derivatives exchange, has launched legal betting contracts for the 2024 U.S. presidential election, becoming the first platform in the U.S. to offer this service following a significant court victory. After prevailing in a lawsuit against the Commodity Futures Trading Commission (CFTC), Kalshi is now permitted to offer event contracts tied to U.S. political<\/p>\n","protected":false},"author":6,"featured_media":30651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[7708,3310,1219,7155,8936],"class_list":["post-30650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-harris","tag-trump","tag-us","tag-us-election","tag-usa-election"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US Election Betting Contracts Candidates Seem Equal - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/us-election-betting-contracts-candidates-seem-equal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Election Betting Contracts Candidates Seem Equal - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Kalshi, a derivatives exchange, has launched legal betting contracts for the 2024 U.S. presidential election, becoming the first platform in the U.S. to offer this service following a significant court victory. After prevailing in a lawsuit against the Commodity Futures Trading Commission (CFTC), Kalshi is now permitted to offer event contracts tied to U.S. political\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/us-election-betting-contracts-candidates-seem-equal\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-08T01:00:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-07T23:10:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/trump-harris.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1970\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/us-election-betting-contracts-candidates-seem-equal\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/us-election-betting-contracts-candidates-seem-equal\/\",\"name\":\"US Election Betting Contracts Candidates Seem Equal - 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