Summary
- The U.S. CFTC announced that it has voluntarily withdrawn its appeal against the virtual asset-based prediction market Kalshi.
- The CFTC faced an overregulation lawsuit for banning bets on political issues, but agreed to withdraw the lawsuit with Kalshi.
- As a result, both parties decided to bear their own legal costs.
On the 6th (local time), according to the virtual asset (cryptocurrency) specialized media CoinDesk, the U.S. Commodity Futures Trading Commission (CFTC) announced that it has withdrawn its appeal against the virtual asset-based prediction market Kalshi.
Previously, the CFTC had banned betting on political issues in 2023, and Kalshi filed a lawsuit claiming it was overregulation. As a result, both parties voluntarily withdrew the lawsuit and agreed to bear their own legal costs.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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