World · Regulation · United States ·
NY judge denies CFTC motion to halt Kalshi enforcement case
A New York judge rejected the Commodity Futures Trading Commission's request to pause its enforcement action against Kalshi, the prediction-market platform. The ruling leaves New York's separate case against Kalshi intact and allows the CFTC to file another motion before Judge Victor Marrero.
Why it matters for the crypto market
The decision keeps pressure on a major crypto platform offering event contracts, clarifying the jurisdictional clash between state and federal regulators over prediction markets and crypto derivatives.
Source: Cointelegraph
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