World · Regulation · United States ·
CFTC invokes emergency powers to let Kalshi keep operating prediction markets in New York
The US Commodity Futures Trading Commission (CFTC) issued an emergency order allowing Kalshi to continue offering prediction market contracts in New York despite a lawsuit from the state alleging the contracts amount to illegal gambling.
Why it matters for the crypto market
The CFTC order asserts federal regulatory authority over prediction markets, potentially establishing that federal oversight can override state restrictions on crypto-related derivatives trading.
Source: coindesk.com
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