CFTC declares market emergency, orders Kalshi to continue to operate in New York
The Commodity Futures Trading Commission (CFTC) declared a market emergency and ordered KalshiEX, an event contract exchange, to continue operating in New York, despite a lawsuit from the New York Attorney General. The CFTC asserts its authority to ensure a uniform national market for derivatives, arguing against state-level regulation of these interstate financial markets.
WASHINGTON — The Commodity Futures Trading Commission today exercised its emergency authority in response to KalshiEX, LLC’s notification of a market emergency and ordered the exchange to continue to operate in accordance with the Commodity Exchange Act’s Core Principles.
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