PANews reported on May 7 that according to The Block, the crypto prediction market platform Kalshi said that the U.S. Commodity Futures Trading Commission (CFTC) has withdrawn its previous appeal against its provision of election prediction market services. In 2024, the CFTC attempted to prevent Kalshi from launching contracts related to the presidential election, but a federal judge ruled that the move was beyond its authority. Since then, Kalshi has continued to expand its business and reached a cooperation with Robinhood in April this year. At the same time, it filed lawsuits against Nevada and New Jersey regulators to fight back against the ban on its sports contracts. CFTC Commissioner Mersinger once said that election contracts "will become the norm" and regulators need to adapt to this new market form. Kalshi currently supports users to deposit accounts in USDC.