Federal Appeals Court puts election betting on hold

A federal appeals court has blocked legally sanctioned bets on American elections. Late last week, the DC Circuit Court of Appeals put on hold a New York company’s betting platform on congressional races. The court issued an order temporarily freezing the matter until it can consider and rule on the issue. The Commodity Futures Trading Commission appealed an earlier go-ahead from a federal judge, warning that allowing election bets risked serious harm from people trying to manipulate the election for financial purposes.