The U.S. Commodity Futures Trading Commission (CFTC) has withdrawn its appeal in the dispute with the prediction platform Kalshi.
The CFTC has moved to dismiss its appeal against us.
Election markets are here to stay. pic.twitter.com/me4pS8uFOj
— Kalshi (@Kalshi) May 6, 2025
“Election prediction markets are here to stay,” the company stated.
The agreement stipulates that both parties will bear their own costs and attorney fees, and Kalshi will waive all legal claims arising from the litigation in this case.
The conflict began in 2024 when the CFTC attempted to prohibit the platform from launching prediction markets on the outcomes of the November elections. A federal court ruled that the regulator had overstepped its authority.
Subsequently, the CFTC chose not to appeal the decision, effectively acknowledging the legitimacy of the platform’s operations.
Despite regulatory pressure, Kalshi is expanding: in April, the company integrated a prediction marketplace into Robinhood.
Back in March 2025, the prediction market on the Polymarket platform reached an erroneous resolution of a dispute due to oracle manipulation.