People began betting on which political party would win control of the US Congress in the November elections within minutes of a judge's ruling overnight allowing the bets — the only ones to be legally approved by a US jurisdiction.
New York startup company Kalshi began taking what amounts to bets on the outcome of the November congressional elections after a judge refused to block them from doing so.
The ruling enabled the company, at least temporarily, to offer prediction contracts — essentially yes-or-no bets — on which party will win control of the Senate and the House in November.
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