ATLANTIC CITY, N.J. (AP) — Just hours after it began, legal betting on the outcome of U.S. Congressional elections has been put on hold by a federal appeals court.
ATLANTIC CITY, N.J. — Just hours after it began, legal betting on the outcome of U.S. Congressional elections has been put on hold by a federal appeals court.
The Court of Appeals for the District of Columbia Circuit issued an order Thursday night temporarily freezing the matter until it can consider and rule on the issue. No timetable was initially given. U.S. District Court Judge Jia Cobb permitted New York startup company Kalshi to begin offering what amounts to bets on the outcome of November elections regarding which parties win control of the House and Senate.
The Thursday night order put a halt to any further such bets. What might happen to those already made was unclear Friday.The ruling came after the Commodity Futures Trading Commission appealed Cobb's ruling, warning that allowing election bets, even for a short period of time, risked serious harm from people trying to manipulate the election for financial purposes.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solon wants Iloilo City cleared of ‘most shabulized city’ labelDefining the News
Read more »
Davao City councilor justifies P354-M city welfare office budgetDAVAO CITY – A city councilor here justified on Wednesday, August 21, the allocation of over P354 million for the City Social Welfare and Development Office (CSWDO) to support their programs and disagreed with a fellow councilor who called the amount “excessive.
Read more »
Getaway vehicle in San Carlos City mall robbery tracked in Batangas CityBACOLOD CITY – A getaway vehicle used by unidentified persons in a mall robbery in Barangay Palampas, San Carlos City, Negros Occidental last week was last seen in Batangas City.
Read more »
Iloilo City declared as 5th most competitive highly urbanized city in NCC indexILOILO CITY – The National Competitiveness Council under the Department of Trade and Industry has named Iloilo City as the fifth most competitive highly urbanized city in the 2024 Cities and Municipalities Competitiveness Index (CMCI).
Read more »
Quezon City unveils bid to become Unesco Creative City of FilmTo elevate its standing in the global film industry, Quezon City has officially announced its bid to become a Unesco Creative City of Film. This ambitious initiative underscores Quezon City's rich cinematic heritage and continued commitment to fostering creativity, protecting cultural heritage, and promoting inclusive development.
Read more »
Baguio logs 10 dengue fatalitiesBAGUIO CITY – Ten people have died from dengue in this city from February to August 1.
Read more »