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