CFTC Orders Kalshi to Continue Operations Amid New York Legal Battle
The CFTC has invoked emergency powers to allow Kalshi to continue its operations amid a legal dispute in New York, where the state is seeking $36 billion and imposing restrictions on event contracts. This case could redefine the balance of federal and state authority over prediction markets, impacting regulatory frameworks nationwide.
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Morning Minute: The CFTC Bails Out Kalshi in NY
The CFTC keeps going to bat for Kalshi while the ultimate prediction market court battle looms, with the fate of the sector in the balance.
The prediction market turf war: who actually regulates Kalshi and Polymarket
The CFTC used emergency authority to override New York. Nine states have been sued. FlightAware added a data rights claim. The legal architecture of prediction markets is being built in courtrooms, not in Congress. The Commodity Futures Trading Commission does…
CFTC orders Kalshi to keep operating in $36B New York fight
CFTC invokes emergency powers to keep Kalshi operating as New York seeks at least $36 billion and broad restrictions on event contracts.
CFTC invokes emergency powers to keep Kalshi operating in New York fight
The order escalates a jurisdictional fight over whether states may treat federally regulated event contracts as illegal gambling.
CFTC flexes emergency authority to keep Kalshi operating amid New York lawsuit
The CFTC flexed its emergency authority and ordered Kalshi to keep operating after the platform was sued last month in New York.
CFTC orders Kalshi to continue operating as New York seeks $36 billion in damages
The case could redefine federal vs. state authority over prediction markets, impacting regulatory frameworks and market operations nationwide. The post CFTC orders Kalshi to continue operating as New York seeks $36 billion in damages appeared first on Crypto Briefing .