THE BLOCK: The CFTC is using its emergency authority to order Kalshi to keep operating after New York sued the prediction market platform for allegedly running an illegal gambling operation in the state. "New York has no business regulating these interstate financial markets," said Chair Michael Selig. "The Commission is required by law to ensure order in these markets, and that is what we have done today."

TheBlockCo

·

Original Report

↗ TheBlockCo

THE BLOCK: The CFTC is using its emergency authority to order Kalshi to keep operating after New York sued the prediction market platform for allegedly running an illegal gambling operation in the state. "New York has no business regulating these interstate financial markets," said Chair Michael Selig. "The Commission is required by law to ensure order in these markets, and that is what we have done today."