In brief The CFTC has used its emergency authority to order Kalshi to keep operating, after the exchange notified the agency of a market emergency. Kalshi filed that notification following New York Attorney General Letitia James’ lawsuit on July 31. The agency says it has now sued nine states over their attempts to police event contracts. The Commodity Futures Trading Commission has invoked its emergency authority to order Kalshi to carry on trading, acting on Tuesday after the exchange itself notified the agency of a market emergency.The order directs KalshiEX to continue operating in line with the Commodity Exchange Act’s core principles, the federal standards that govern designated contract markets.
Source: Decrypt
