CFTC orders Kalshi to continue offering prediction markets in New York after state lawsuit
60-second summary
The Commodity Futures Trading Commission (CFTC) orders Kalshi to continue offering prediction markets in New York despite a state lawsuit filed last month to block sports-related prediction markets. No specific details on the CFTC's reasoning are provided. Kalshi can now maintain its operations in the state, potentially expanding its reach.
New York sued Kalshi last month in a bid to block it from operating sports-related prediction markets.