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CFTC invokes emergency powers to keep Kalshi operating in New York fight
The CFTC invoked emergency powers concerning Kalshi's operation in New York. This order escalates a jurisdictional fight regarding whether states may classify federally regulated event contracts as illegal gambling.
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Adjacent reporting
- New York sues Kalshi over alleged illegal gambling operation
- CFTC sues New York over bid to apply gambling laws to prediction markets
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- New York alleges Kalshi is running an 'illegal gambling operation' in new lawsuit
- CFTC backs Kalshi in Ohio fight over prediction markets jurisdictional battle
- New York sues Kalshi over alleged illegal gambling