🚨 Breaking News in the Crypto World! 🚨

The U.S. Commodity Futures Trading Commission (CFTC) is sounding alarms over a potential "explosion in election gambling." The agency has asked an appeals court to extend the pause on Kalshi's political prediction markets while its appeal is pending.

- **Background:** A recent court decision allowed Kalshi to offer contracts on election outcomes, sparking concerns about market manipulation and electoral integrity.

- **Industry Impact:** This ruling could affect crypto businesses, as it challenges regulatory authority, potentially limiting federal agencies' power.

- **Current Status:** The D.C. Appeals Court has temporarily suspended Kalshi's contracts.

What do you think about election gambling on futures exchanges? Share your thoughts below! 💬