Political gambling returns to U.S. after court ruling about one month before Election Day

A federal appeals court ruling on Wednesday paves the way for the return of political gambling in the Untied States.

The financial exchange startup KalishiEx will now be able to bring back regulated election-betting markets as a result of the ruling.

The three-judge panel in Washington lifted the temporary freeze on the betting markets. 

The court ruling rejected the U.S. Commodity Futures Trading Commission from blocking KalishiEx from listing commodity control contracts related to the general election on its fully regulated exchange.

According to UPI, the "commodity control contracts enable people to wager up to $100 million on which political party, Republicans or Democrats, will win control of Congress in the general election."