NY judge denies CFTC motion to halt enforcement action against Kalshi
CoinTelegraph·
60-second summary
A New York judge has denied the CFTC's motion to halt enforcement action against Kalshi, allowing the case to proceed. The CFTC can renew its request before Judge Victor Marrero. This development leaves New York's case intact, potentially impacting Kalshi's operations and the broader derivatives market, where regulatory clarity is crucial for investor confidence and market stability.
The ruling leaves New York’s case against Kalshi in place while allowing the CFTC to renew its request before Judge Victor Marrero.