Elections Wagering Site Shut Down Hours After Court Ruling Said It Could Go Online

Before trading was paused, more than 20,000 bets had been sold on the question ‘Which party will win the House?’

Philippe Lopez/AFP via Getty Images

The District of Columbia U.S. Court of Appeals has stayed a federal judge’s Sept. 6 ruling allowing a New York-based startup to legally allow wagering on 2024 elections outcomes on a domestic federally regulated gambling platform in the United States.

But it’s a good bet the stay will be lifted by November’s elections, perhaps as soon as Sept. 16.