Kalshi Cleared to Offer Congressional Prediction Markets in Victory Against CFTC
In a recent court ruling, Judge Cobb granted summary judgment in favor of the plaintiff in a high-profile cryptocurrency case. The judge’s decision overturned a previous order that had prohibited the plaintiff from listing its congressional control contracts for trading.
This ruling is a significant victory for the plaintiff, who had been embroiled in a legal battle with the defendant over the trading of cryptocurrency contracts. The defendant had filed a cross motion for summary judgment, which the judge denied, citing the reasons outlined in the court’s memorandum opinion.
The court’s decision to vacate the order prohibiting the plaintiff from listing its contracts is expected to have far-reaching implications for the cryptocurrency industry. It is likely to set a precedent for future cases involving the trading of digital assets and could have a major impact on how such contracts are regulated in the future.
Overall, the court’s ruling represents a major win for the plaintiff and a significant development in the evolving legal landscape surrounding cryptocurrency trading. It will be interesting to see how this decision shapes the future of the industry and what impact it has on other similar cases moving forward.
