Rep. Ritchie Torres urges CFTC to regulate election markets

Rep. Ritchie Torres has called on the CFTC to focus on regulating election markets following a court ruling against the agency. According to The Block, Torres urged the CFTC to prioritize innovation and consumer protection, rather than further court challenges, after a judge ruled the CFTC overstepped in blocking Kalshi’s election contracts. He emphasized the need to regulate election markets to protect integrity and prevent illegal activities.