LISTEN: Federal appeals court pauses U.S. election betting
Sep 13, 2024, 4:00 PM | Updated: 6:04 pm
People watch the presidential debate between Republican presidential nominee former President Donald Trump and Democratic presidential nominee Vice President Kamala Harris, Tuesday, Sept. 10, 2024, at the Gipsy Las Vegas in Las Vegas. (AP Photo/John Locher)
Credit: ASSOCIATED PRESS
(AP Photo/John Locher)
SALT LAKE CITY — Hours after it was legalized, a federal appeals court paused bettings on the outcome of U.S. elections.
The betting started on Sept. 12, the Associated Press reported, when a judge allowed New York startup company Kalshi to make bets on the outcome of the November congressional elections.
Although it started off as a big move, the betting did not last long.
Here’s what KSL Legal Analyst Greg Skordas told Jeff Caplan’s Afternoon News about the case:
