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

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

South and Midwest face potentially catastrophic rains and floods while reeling from tornadoes

2025-04-05 01:59 Last Updated At：02:01

HOPKINSVILLE, Ky. (AP) — Torrential rains and flash flooding battered parts of the Midwest and South on Friday, killing a boy in Kentucky who was swept away as he walked to a school bus stop. Many communities were left reeling from tornadoes that destroyed whole neighborhoods and killed at least seven people earlier this week.

Forecasters warned of potentially catastrophic weather, with round after round of heavy rains expected in the central U.S. through Saturday. Satellite imagery showed thunderstorms lined up like freight trains over communities in Arkansas, Tennessee and Kentucky, according to the national Weather Prediction Center in Maryland.

In Kentucky early Friday, a boy died after floodwaters swept him away while he was walking to a school bus stop in Frankfort, Gov. Andy Beshear said on social media.

The dousing inundated Kentucky highways, causing numerous road closures. A mudslide on a busy highway on the outskirts of Louisville caused a long traffic backup as crews worked to clear the road. The downtown area of Hopkinsville — a city of 31,000 residents 72 miles (116 kilometers) northwest of Nashville — was submerged. Water rescues were underway.

“The main arteries through Hopkinsville are probably 2 feet under water,” said Christian County Judge-Executive Jerry Gilliam. “So the mayor has closed downtown down for all traffic. Our office is actually in the middle of it and we were here before the water rose. So there’s only one way we could get out.”

Tony Kirves and a group of friends used sandbags and a vacuum as they tried to hold back rising floodwaters that covered the basement and seeped into the ground floor of his photography business in Hopkinsville. He said the downtown area was "like a lake."

“We’re holding ground,” he said. “We’re trying to maintain and keep it out the best we can."

A corridor from northeast Texas through Arkansas and into southeast Missouri, which has a population of about 2.3 million, could see clusters of severe thunderstorms late Friday. The National Weather Service’s Oklahoma-based Storm Prediction Center warned of the potential for intense tornadoes and large hail.

The seven people killed in the initial wave of storms that spawned powerful tornadoes on Wednesday and early Thursday were in Tennessee, Missouri and Indiana. They included Garry Moore, chief of the Whitewater Fire Protection District in Missouri. He died while likely trying to help a stranded motorist, according to Highway Patrol spokesperson Sgt. Clark Parrott.

Tennessee Gov. Bill Lee said entire neighborhoods in the hard-hit town of Selmer were “completely wiped out” and said it was too early to know whether there were more deaths as searches continued.

With flattened homes behind him, Dakota Woods described seeing the twister come through Selmer.

“I was walking down the street,” Woods said Thursday. “Next thing you know, I look up, the sky is getting black and blacker, and it’s lighting up green lights, and it’s making a formation of a twister or tornado.”

Heavy rains were expected to continue in parts of Missouri, Kentucky and elsewhere in the coming days and could produce dangerous flash floods capable of sweeping away cars.

In Hopkinsville, 5 to 8 inches of rain (12.7 centimeters to 20 centimeters) had fallen by Thursday morning, causing the Little River to surge over its banks.

A pet boarding business was under water, forcing rescuers to move dozens of dogs to a local animal shelter, said Gilliam, the county executive. On Friday morning, crews had already rescued people from four or five vehicles and multiple homes, mostly by boat to evacuate people, said Randy Graham, the emergency management director in Christian County.

“This is the worst I’ve ever seen downtown,” Gilliam said.

Kentucky’s road conditions website showed scores of state roads closed by high water on Friday morning. A landslide closed a nearly 3-mile (4.8-kilometer) stretch of Mary Ingles Highway in northern Kentucky early Friday, according to the Kentucky Transportation Cabinet. A landslide closed the same section of road in 2019 and it reopened last year, WLWT-TV reports.

Flash flooding is particularly worrisome in rural Kentucky where water can rush off the mountains into the hollows. Less than four years ago, dozens died in flooding across eastern Kentucky.

Extreme flooding across the corridor that includes Louisville, Kentucky, and Memphis — which have major cargo hubs — could also lead to shipping and supply chain delays, said Jonathan Porter, chief meteorologist at AccuWeather.

Forecasters attributed the violent weather to warm temperatures, an unstable atmosphere, strong wind shear and abundant moisture streaming from the Gulf.

Homes were ripped to their foundations in Selmer, Tennessee, which was hit by a tornado with winds estimated up to 160 mph (257 kph), according to the weather service.

Tennessee Highway Patrol video showed lightning illuminating the sky as first responders scoured the ruins of a home, looking for anyone trapped.

In neighboring Arkansas, a tornado near Blytheville lofted debris at least 25,000 feet (7.6 kilometers) high, according to weather service meteorologist Chelly Amin. The state’s emergency management office reported damage in 22 counties from tornadoes, wind, hail and flash flooding.

The home where Danny Qualls spent his childhood but no longer lives was flattened by a tornado in northeast Arkansas.

“My husband has been extremely tearful and emotional, but he also knows that we have to do the work,” Rhonda Qualls said. “He was in shock last night, cried himself to sleep.”

Workers on bulldozers cleared rubble along the highway that crosses through Lake City, where a tornado with winds of 150 mph (241 kph) sheared roofs off homes, collapsed brick walls and tossed cars into trees.

Mississippi's governor said at least 60 homes were damaged. And in far western Kentucky, four people were injured while taking shelter in a vehicle under a church carport, according to the emergency management office in Ballard County.

Walker IV reported from Selmer, Tennessee, and Schreiner reported from Shelbyville, Kentucky. Associated Press writers Andrew DeMillo in Little Rock, Arkansas and Jonathan Mattise in Nashville, Tennessee, contributed.