Americans love to gamble, but for years a line has been drawn around betting on US elections. That was until the New York-based startup Kalshi sued the Commodities and Futures Trading Commission over the issue. And in early September, a Judge agreed with the company and overturned the Commission’s prohibition on the activity. Kalshi then began offering election bets before the CFTC  appealed the courts decision. Now the whole matter of betting on US elections is up in the air again, as the federal appeals court heard the case but has yet to make a decision on the issue. However,…

Ever wanna try election betting? Well, Nevada is thinking about it, too. What are the odds of Hillary Clinton being elected as the next president? Folks in Nevada may just get a chance to place a wager on who will win federal elections under a plan that has resurfaced. A legislative committee will decide Tuesday whether to recommend if Nevada should allow election betting on federal races, making available here bets that can already be placed overseas. State Senator Tick Segerblom, D-Las Vegas, introduced a bill in the 2013 Legislature to permit wagering on federal elections. Senate Bill 418 passed…