“If the buying and selling quantities to any considered one of these species of election or market manipulation, then it’s also more likely to artificially skew the pricing of contracts in a means that’s divorced from election ‘fundamentals,’ thus creating volatility that can undoubtedly hurt many smaller retail buyers who’ve positioned their very own bets,” Higher Markets stated, urging the U.S. Courtroom of Appeals to overturn a decrease courtroom’s determination that freed Kalshi to supply election markets.
