Hedge funds and other major Wall Street firms could soon get to bet as much as $100 million on which US political party will control Congress under a new plan from Kalshi Inc. The blueprint released this week by the New York-based firm significantly sweetens the pot for traders wagering on its platform. It’s the latest in a months-long face-off between Kalshi and its regulator, the Commodity Futures Trading Commission, over allowing people bet on election outcomes. Kalshi lets traders wager as much as $25,000 on everything from monthly interest rate hikes to the timing of the next moon landing. It’s recently sought ... (full story)