CFTC flexes emergency authority to keep Kalshi operating amid New York lawsuit
60-second summary
The CFTC is exercising its emergency authority, allowing Kalshi to continue operating despite a New York lawsuit filed last month. This move prevents the platform from being shut down, with no specific timeline mentioned for the lawsuit's resolution. Kalshi's continued operation maintains market stability and ensures uninterrupted trading.
The CFTC flexed its emergency authority and ordered Kalshi to keep operating after the platform was sued last month in New York.