Judge clears way for bets in US elections ...Middle East

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Judge clears way for bets in US elections
A federal judge has cleared the way for people to bet on U.S. election results for the first time. A judge in Washington struck down a decision from the Commodity Futures Trading Commission (CFTC) that prohibited gambling companies and users from betting on the outcome of Congressional races. Last Friday, U.S. District Court Judge Jia Cobb ruled in favor of the New York-based company Kalshi. A hearing was held Thursday for Cobb to outline the court’s reasoning. As of Thursday afternoon, Kalshi can offer prediction contrasts, or yes-or-no bets, on which party will control the House and the Senate after November’s election, at least for now, The Associated Press reported. CFTC i

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