PANews reported on May 7 that, according to The Block, the cryptocurrency prediction market platform Kalshi stated that the U.S. Commodity Futures Trading Commission (CFTC) has withdrawn its previous appeal against its provision of election prediction market services.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 block Kalshi from launching contracts related to the presidential election, but a federal judge ruled that the move was overreaching. Since then, Kalshi has continued to expand its business and in April of this year, partnered with Robinhood, while also filing lawsuits against regulatory agencies in Nevada and New Jersey to counter bans on its sports contracts. CFTC Commissioner Mersinger has stated that election contracts "will become the norm," and regulators need to adapt to this new market form. Kalshi currently supports users depositing USDC into their accounts.