Crypto

Kalshi’s New Political Prediction Markets Halted as CFTC Appeals Loss

The Commodity Futures Trading Commission (CFTC) has filed a motion for stay in the case involving KalshiEx LLC’s election gambling contracts. According to the CFTC, KalshiEx LLC launched its contracts on the same day the District Court issued a memorandum opinion, preempting the CFTC’s opportunity to file the motion.

In its filing, the CFTC raised concerns about the serious legal issues and public interests at stake in the case. The CFTC is seeking a stay pending appeal to allow for further review of the situation.

Stay tuned for updates on this developing story as it unfolds.

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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