High Alert
Decrypt

CFTC Invokes Emergency Powers to Keep Kalshi Trading Despite New York Suit

CFTC Invokes Emergency Powers to Keep Kalshi Trading Despite New York SuitWorldPing

Kalshi triggered the order, notifying the agency of a market emergency after New York moved to bar its contracts nationwide.

This is a short WorldPing brief. The full report was published by Decrypt.

Read the full report at Decrypt

Related news

Sharplink Earns $11M From Ethereum Staking Despite $394M Q2 LossWorldPing
Bitcoin.com

Sharplink Earns $11M From Ethereum Staking Despite $394M Q2 Loss

Sharplink reported a $394.3 million second-quarter loss as falling ether prices triggered more than $397 million in unrealized losses and impairments. Still, staking generated $11.

Brief by WorldPing · Original reporting by Bitcoin.com

Connecticut Judge Says Kalshi Sports Contracts Were Never SwapsWorldPing
Bitcoin.com

Connecticut Judge Says Kalshi Sports Contracts Were Never Swaps

A federal judge denied Kalshi’s request for a preliminary injunction against Connecticut regulators, holding that its sports-event contracts are not swaps under the Commodity Exchange Act, so the CFTC’s exclusive jurisdiction never attached.

Brief by WorldPing · Original reporting by Bitcoin.com