CFTC Invokes Emergency Powers to Keep Kalshi Trading Despite New York Suit
60-second summary
The CFTC invokes emergency powers to keep Kalshi trading, allowing the platform to continue operating despite New York's attempt to bar its contracts nationwide. Kalshi has triggered an order, notifying the agency of a market emergency. This move enables the platform to maintain its operations, averting potential disruptions to the market and preserving investor access to its unique trading options.
Kalshi triggered the order, notifying the agency of a market emergency after New York moved to bar its contracts nationwide.