Kalshi Seeks Repeal of 1958 Law Restricting Onion Trading in Prediction Markets

This announcement comes as Kalshi aims to repeal a 1958 law that restricts trading on onions and box office receipts in prediction markets. The law was originally enacted following a scheme to manipulate onion prices in the 1950s. The repeal effort highlights ongoing debates about the scope of permissible assets in prediction markets.

Originally published by nyt