NY judge denies CFTC motion to halt enforcement action against Kalshi

NY judge denies CFTC motion to halt enforcement action against Kalshi

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Judge Jed S. Rakoff denied without prejudice an emergency Commodity Futures Trading Commission (CFTC) request for a temporary restraining order that would have blocked New York from pursuing its enforcement case against prediction market operator Kalshi. Rakoff found that the CFTC had not shown a high likelihood of success on the merits or a likelihood of irreparable harm. The CFTC may renew the motion before Judge Victor Marrero on Friday, Aug.

Source: CoinTelegraph


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