CFTC Pleads With Judge to Block Kalshi Election Contracts for 14 Days
Briefly

from Coindesk6 months ago
The Commodity Futures Trading Commission (CFTC) filed an emergency motion seeking a temporary stay on a court decision favoring Kalshi, which allows election market listings.
Coindeskhttps://www.coindesk.com/policy/2024/09/07/cftc-pleads-with-judge-to-block-kalshi-election-contracts-for-14-days/
Judge Jia M. Cobb ruled in favor of Kalshi but withheld her rationales, leaving the CFTC unable to decide whether to appeal until her opinion is released.
Coindeskhttps://www.coindesk.com/policy/2024/09/07/cftc-pleads-with-judge-to-block-kalshi-election-contracts-for-14-days/
Kalshi expressed excitement about the ruling with a declaration on their website stating, 'We did it! U.S. election markets are coming to Kalshi.'
Coindeskhttps://www.coindesk.com/policy/2024/09/07/cftc-pleads-with-judge-to-block-kalshi-election-contracts-for-14-days/
CFTC's motion aims to delay Kalshi's potential market listings for at least 14 days as it awaits the court's reasoning behind the recent decision.
Coindeskhttps://www.coindesk.com/policy/2024/09/07/cftc-pleads-with-judge-to-block-kalshi-election-contracts-for-14-days/
Read at Coindesk
#kalshi #cftc #election-markets #regulatory-issues #legal-battle
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