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CFTC asks judge to block Kalshi's voting contracts for 14 days

If the extension is approved, Kalshi will be unable to list its election markets until at least the end of September. The company, which settles in U.S. dollars, has been shut out of this year’s election betting boom, which has been dominated by cryptocurrency rival Polymarket, which is barred from serving U.S. residents under its own agreement with the CFTC.

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