CatalystDerivatives
Why Kalshi Wants to Repeal a 1958 Law About Onions
Kalshi seeks repeal of a 1958 onions law, signaling derivatives regulatory push.
Context
What happened: Kalshi is pushing to repeal a 1958 law that bars prediction markets from offering contracts on onions, a restriction that also covers box office receipts.
Why it matters: The law, enacted after a 1950s scheme to rig onion prices, limits which markets Kalshi can offer, and the company is now seeking its repeal.
What changed
Kalshi is pushing to repeal a 1958 law that bars prediction markets from offering contracts on onions, a restriction that also covers box office receipts.
Why it matters
The law, enacted after a 1950s scheme to rig onion prices, limits which markets Kalshi can offer, and the company is now seeking its repeal.
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Oct 31, 2026 08:54 AM ET