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https://www.wsj.com/finance/commodities-futures/trading-startup-sues-regulator-in-effort-to-launch-election-betting-market-1de75f70Stephen Voss for The Wall Street Journal WASHINGTON—An online-trading startup is suing the federal government after regulators blocked its plan to let people bet on U.S. elections.
The company, Kalshi, said in a complaint filed Wednesday in the U.S. Court of Appeals for the D.C. Circuit that the Commodity Futures Trading Commission was “arbitrary, capricious and otherwise contrary to law” when itThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.
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