Future

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/washington-dc-court-allows-kalshi-users-to-trade-in-election-prediction-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Washington DC Court Allows Kalshi Users to Trade in Election Prediction Market</a><br></p>
<p style="text-align: justify">The Washington DC Court has authorized Kalshi users to participate in the election prediction market for 2024. This ruling enables Kalshi to compete directly with the decentralized platform, Polymarket.</p>
<h2 style="text-align: justify" id="court-decision-and-its-implications">Court Decision and Its Implications</h2>
<p style="text-align: justify">The court’s decision allows Kalshi to compete with platforms like Polymarket, which saw a 7,000% increase in prediction market volume by the end of August this year. The court noted that there was no concrete evidence of harm that could impede Kalshi’s operations.</p>
<p style="text-align: justify">Kalshi invested $200,000 in Washington in 2021 and 2022 to influence the government in its favor. The company has stated its intention to spend $1.5 million on national advertising campaigns if election prediction markets are permitted.</p>
<p style="text-align: justify">Election prediction markets constitute about 80% of the trading volume on Polymarket. Competing platform PredictIt experiences significant user growth during U.S. election periods. The court’s ruling allows American users to participate in prediction markets without needing a VPN or <a href="https://en.coin-turk.com/deciphering-cryptocurrency-debating-the-nature-of-bitcoin-ethereum-and-cardano/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> wallet.</p>
<h2 style="text-align: justify" id="future-prospects">Future Prospects</h2>
<p style="text-align: justify">Following the court ruling, Kalshi has begun to open election betting options. However, an appeals process is also in play, with a final decision on the ruling expected by 2025. Whether Kalshi can continue its election prediction market services beyond 2025 will depend on this final ruling.</p>
<p style="text-align: justify">This development provides American citizens with the opportunity to speculate on election outcomes while strengthening Kalshi’s market position. Users now have the option to make predictions from a U.S.-based platform without resorting to offshore sites like Polymarket.</p>
<p style="text-align: justify">Kalshi’s continued involvement in the election prediction market represents a significant step for the industry, particularly concerning its future and relations with regulatory bodies. The company’s investment and marketing strategies will shape competition in this sector.</p>
<p>The post <a href="https://en.coin-turk.com/washington-dc-court-allows-kalshi-users-to-trade-in-election-prediction-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Washington DC Court Allows Kalshi Users to Trade in Election Prediction Market</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Washington DC Court Allows Kalshi Users to Trade in Election Prediction Market

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