CFTC Uses Emergency Powers To Protect Kalshi Sports Betting
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Kalshi asks appeals court for relief from federal response it sought out
Kalshi and its preferred regulator and legal partner unveiled Wednesday what reasonably could be seen as extraordinary coordination in a filing with the Second Circuit Court of Appeals. Attorneys for Kalshi submitted a letter citing Tuesday’s “market emergency” declaration by the one-person Commodity Futures Trading Commission (CFTC) as grounds for an injunction pending appeal that would prevent New York from receiving a temporary restraining or…
CFTC Uses Emergency Powers To Protect Kalshi Sports Betting
The Commodity Futures Trading Commission (CFTC) invoked their emergency powers twice in the past 30 days to support Kalshi. The CFTC has only done this six times since their creation, but Chairman Michael Selig revived the powers for the first time since 1980. The CFTC emergency order attempted to block the New York Attorney General’s (AG) lawsuit against Kalshi, but the AG ruled they can’t do that. NEW YORK – The Commodity Futures Trading Commi…
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