A federal judge on Friday cleared the way for Americans to place bets on the outcome of congressional elections via a prediction-market startup, a victory that could potentially open the door to legalized wagers on U.S. elections. Still, it remained uncertain over the weekend whether the political betting markets would go live, after regulators filed an emergency motion seeking a two-week delay while they considered an appeal.

Last year, @RepRaskin & I warned betting on elections could undermine trust in our democratic institutions & further incentivize dark money in politics. Today, I joined my colleagues in support of @CFTC's proposed rule to ban betting on election outcomes. https://t.co/fygd9kLecS

" Rep. John Sarbanes (@RepSarbanes) August 5, 2024