Crypto

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.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry.What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content.As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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