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After just a few hours, U.S. election bets put on hold by appeals court ruling

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After just a few hours, U.S. election bets put on hold by appeals court ruling
News

News

After just a few hours, U.S. election bets put on hold by appeals court ruling

2024-09-14 03:23 Last Updated At:03:41

ATLANTIC CITY, N.J. (AP) — Just hours after it began, legal betting on the outcome of U.S. Congressional elections has been put on hold by a federal appeals court.

The Court of Appeals for the District of Columbia Circuit issued an order Thursday night temporarily freezing the matter until it can consider and rule on the issue. No timetable was initially given.

The court acted at about 8:30 p.m. Thursday, mere hours after a federal judge cleared the way for the only bets on American elections to be legally sanctioned by a U.S. jurisdiction.

U.S. District Court Judge Jia Cobb permitted New York startup company Kalshi to begin offering what amounts to bets on the outcome of November elections regarding which parties win control of the House and Senate.

The company's markets went live soon afterwards, and Kalshi accepted an unknown amount of bets, which it called “contracts.”

The Thursday night order put a halt to any further such bets. What might happen to those already made was unclear Friday.

Neither Kalshi nor the commission immediately responded to messages seeking comment Friday.

The ruling came after the Commodity Futures Trading Commission appealed Cobb's ruling, warning that allowing election bets, even for a short period of time, risked serious harm from people trying to manipulate the election for financial purposes.

Prices on Kalshi’s so-called predictive contracts varied during the afternoon and early evening hours during which they were live on Thursday. At one point, a bet on the Republicans to win control of the Senate was priced at 76 cents; a $100 bet would pay $129. A bet on the Democrats to win control of the House was priced at 63 cents, with a $100 bet paying out $154.

The elections category under which they had been posted Thursday was missing from the company's website Friday afternoon.

Follow Wayne Parry on X at www.twitter.com/WayneParryAC

People watch the presidential debate between Republican presidential nominee former President Donald Trump and Democratic presidential nominee Vice President Kamala Harris at a 97-year-old movie theater Tuesday, Sept. 10, 2024, in Shawnee, Kan. (AP Photo/Charlie Riedel)

People watch the presidential debate between Republican presidential nominee former President Donald Trump and Democratic presidential nominee Vice President Kamala Harris at a 97-year-old movie theater Tuesday, Sept. 10, 2024, in Shawnee, Kan. (AP Photo/Charlie Riedel)

People watch the presidential debate between Republican presidential nominee former President Donald Trump and Democratic presidential nominee Vice President Kamala Harris, Tuesday, Sept. 10, 2024, at the Gipsy Las Vegas in Las Vegas. (AP Photo/John Locher)

People watch the presidential debate between Republican presidential nominee former President Donald Trump and Democratic presidential nominee Vice President Kamala Harris, Tuesday, Sept. 10, 2024, at the Gipsy Las Vegas in Las Vegas. (AP Photo/John Locher)

LOS ANGELES (AP) — A$AP Rocky turned down a final prosecution plea offer of 180 days in jail, risking the possibility of a guilty verdict and years in prison as jury selection began at his trial on Tuesday.

The agreement offered to the 36-year-old hip-hop star, fashion mogul and actor was to plead guilty to one of two felony counts of assault with a semiautomatic firearm. Los Angeles County prosecutors would also recommend a seven-year suspended sentence, three years of probation and the six-month jail term.

But Rocky, whose legal name is Rakim Mayers, told a judge he respectfully declined.

He is accused of firing at a former friend near a Hollywood hotel in 2021, and could get a maximum sentence of 24 years in prison if convicted. He has pleaded not guilty.

Rocky's attorney Joe Tacopina also revealed for the first time in court Tuesday that the defense plans to call witnesses to testify that a firearm seen on a security video is a starter pistol that Rocky carried as a prop for security.

A panel of more than 100 prospective jurors were summoned to the downtown Los Angeles courtroom and packed into the gallery. Opening statements will come once 12 of them and alternates are seated. That won't be until at least Wednesday, when selection is set to resume. Cameras will be allowed in the courtroom starting with openings.

The Grammy-nominated hip-hop star's longtime partner is Rihanna, and the couple have two toddler sons together. Tacopina suggested that it's unlikely the pop star will show up in court.

Rocky has been named one of the celebrity chairs of the Met Gala in May, and has a major role in a Spike Lee-directed film with Denzel Washington to be released soon after. But his life could be upended with a conviction.

Superior Court Judge Mark Arnold has said he hopes to seat a jury quickly, and is keeping strict limits on how long attorneys can question prospective jurors.

“Mr. Mayers is an entertainer," Arnold told the prospective jurors. "His stage name is A$AP rocky. His life partner is also an entertainer. Her name is Rihanna. Because Mr. Mayers is an entertainer, a celebrity, that cannot harm him, and it cannot benefit him."

Of the initial 12 jurors questioned, four said they knew who Rocky was, and 10 said they knew who Rihanna was.

In 2023, another judge ruled after a preliminary hearing that Rocky should stand trial on charges that he fired a gun at Terell Ephron, a childhood friend who testified that their relationship had soured and a feud came to a head on the night of Nov. 6, 2021. Ephron testified that bullets grazed his knuckles.

Initial questioning on Tuesday revealed that the recent Los Angeles-area wildfires have affected many of the potential jurors' lives, including one woman who is fostering many displaced animals, and at least one man who had to evacuate. The judge himself revealed he had to evacuate from his home for 11 days.

“Luckily the house didn’t burn down," Arnold said.

One man was excused early in the process because he said his anti-gun feelings were too strong for him to be fair.

Tacopina tried to explore the potential jurors' feelings about hip-hop artists and their music, and several said they had negative feelings, though not overwhelming ones. Some cited parenting as the reason.

“I used to love it but then I had a kid,” one panelist said.

Deputy District Attorney John Lewin, questioning for the prosecution, told those with negative feelings, “You will not be called upon to render a verdict on how you feel about rap music, do you understand that?" All said yes.

Tacopina, who like his client Rocky is from New York and has represented President Donald Trump, also asked whether anyone on the jury is rubbed the wrong way by New Yorkers, bringing laughs throughout the room.

“When I get up here with this ridiculous accent, which I try not to have but I do, is anyone going to have a problem?" he said. “I will point out that we gave you guys the Dodgers a few years ago.”

No one conceded any negative feelings.

“I love LA," the lawyer added.

FILE - A$AP Rocky, left, and Rihanna attend The Metropolitan Museum of Art's Costume Institute benefit gala in New York on Sept. 13, 2021. (Photo by Evan Agostini/Invision/AP, File)

FILE - A$AP Rocky, left, and Rihanna attend The Metropolitan Museum of Art's Costume Institute benefit gala in New York on Sept. 13, 2021. (Photo by Evan Agostini/Invision/AP, File)

FILE - Rapper A$AP Rocky at Pre-Grammy Gala And Salute To Industry Icons in Beverly Hills, Calif., on Feb. 9, 2019. (Photo by Richard Shotwell/Invision/AP, File)

FILE - Rapper A$AP Rocky at Pre-Grammy Gala And Salute To Industry Icons in Beverly Hills, Calif., on Feb. 9, 2019. (Photo by Richard Shotwell/Invision/AP, File)

FILE - Rapper A$AP Rocky appears in a Los Angeles Superior courtroom on Aug. 17, 2022, where he pleaded not guilty to two felony counts of assault with a semiautomatic firearm. (Irfan Khan/Los Angeles Times via AP, Pool, File)

FILE - Rapper A$AP Rocky appears in a Los Angeles Superior courtroom on Aug. 17, 2022, where he pleaded not guilty to two felony counts of assault with a semiautomatic firearm. (Irfan Khan/Los Angeles Times via AP, Pool, File)

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