CFTC Invokes Emergency Authority, Orders Kalshi to Keep Operating in New York Amid State Lawsuit
The Commodity Futures Trading Commission has ordered Kalshi to continue offering prediction markets in New York, according to CoinDesk. The agency invoked its emergency authority to issue the order, according to The Block.
The action follows a lawsuit filed against Kalshi in New York, according to The Block, though the exact date of the filing was not specified. The CFTC’s intervention keeps Kalshi’s prediction market products available to New York users while the state case proceeds.
According to Cointelegraph, the order escalates a jurisdictional fight over whether individual states can treat federally regulated event contracts as illegal gambling. Kalshi has positioned its contracts as federally regulated derivatives falling under CFTC oversight, a framing that conflicts with New York’s characterization of the products in its lawsuit.
The dispute adds to a broader pattern of friction between prediction market operators and state regulators, who have separately challenged whether platforms like Kalshi can offer sports- and election-related contracts without state gaming licenses. The CFTC’s emergency order signals the federal regulator’s willingness to assert primacy over state efforts to restrict such products.
Sources: CoinDesk, The Block, Cointelegraph
This article is for information only and is not financial advice.
What the market did
Each figure is this site’s own reading, with what it was measured against. A blank is a reading nobody took, not a zero. The before-the-headline window prints the rate a RANDOM hour clears the same bar, because a hit rate without its null is not a finding.
US Commodity Futures Trading Commission Kalshi
Cite this
Archived copy · an independent capture of this page at the Internet Archive, kept so this report can be checked against what it said on the day
← more bytes
