While it’s been fighting the agency in court, the New York-based company, which settles bets in dollars, has watched crypto-powered rival Polymarket, which is barred from doing business in the U.S., nevertheless rack up record volumes during this election year. Over $1 billion alone has been staked on Polymarket’s contract on who will win the presidency.
Source: https://www.coindesk.com/policy/2024/10/02/us-election-betting-court-ends-pause-on-kalshis-congressional-contracts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines