Court says betting on U.S. congressional elections can resume, for now

ATLANTIC CITY, N.J. (AP) — Betting on the outcome of U.S. Congressional elections can resume, at least temporarily, a federal appeals court ruled Wednesday.

The U.S. Court of Appeals for the District of Columbia Circuit dissolved an order it had previously issued that prevented New York startup company Kalshi from taking bets on which political party would control the House and Senate after this November’s elections.

The ruling clears the way for such betting to resume while the court further considers the underlying issues in the case.

So far, Kalshi has only offered bets on congressional races; it was not immediately clear whether they plan to expand offerings to include the presidential election.

The court said it could reconsider a ban if the commission provides new evidence of serious harm to the public interest in the coming weeks.

Yaakov Roth, an attorney for Kalshi, said the company is now free to resume taking such bets, but did not know if it had already done so.

No such markets were listed on the company’s website as of 2 p.m., and a company spokeswoman did not immediately return a message seeking comment. The U.S. Commodity Futures Trading Commission, the government agency trying to prevent such betting, declined comment.

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