On August 11, the CFTC invoked emergency powers for only the seventh time in its history to keep Kalshi running after New York filed a $36 billion lawsuit calling prediction contracts illegal gambling. The clash between federal derivatives law and…

On August 11, the CFTC invoked emergency powers for only the seventh time in its history to keep Kalshi running after New York filed a $36 billion lawsuit calling prediction contracts illegal gambling. The clash between federal derivatives law and…