![](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTEvMDE5MzMyOWMtOWM2Ni03YzgyLWJjNmYtZDNmODI3ZGUxMjQz.jpg\")
\n <\/p>\n\n \n <\/p>\n
The predictions platform suggested that \u201celection markets are here to stay\u201d in a social media<\/a> post after the Commodity Futures Trading Commission filed its request with the court.<\/p>\n The US Commodity Futures Trading Commission (CFTC) is seeking permission from the court to drop an app<\/a>eal against prediction market Kalshi. The move could allow the platform to offer political event contracts to users without contest.<\/p>\n In a May 5 filing in the US Court of Appeals for the District of Columbia Circuit, lawyers for the CFTC filed<\/a> an unopposed motion for voluntary dismissal, suggesting an agreement with Kalshi. The motion, subject to approval by the court, could end the CFTC\u2019s appeal against a federal court ruling that the financial regulator could not bar Kalshi from listing political event contracts, i.e., bets on elections.<\/p>\n Kalshi stipulated in a joint filing that the company would \u201cbear its own costs, court fees and attorney fees incurred\u201d if the court granted the CFTC\u2019s motion to dismiss. The platform said<\/a> that \u201celection markets are here to stay\u201d in a May 6 X post following the filing.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n