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.
