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Jinse Finance reported that the U.S. Commodity Futures Trading Commission will decide on June 26 whether to start a 90-day formal review of the prediction market provider KalshiEX’s contract, which allows users to bet on which party controls the U.S. Congress. The CFTC regulates the company as a designated contract market, and the 90-day review is the legal process by which the agency approves or rejects the contract. Kalshi submitted the contract for CFTC review last year, but recently withdrew its original request, and the exchange is now making a new submission to the agency.

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