​Judge Says CFTC Exceeded Its Authority Halting Kalshi Election Bets – Tyler Durden

Judge Says CFTC Exceeded Its Authority Halting Kalshi Election Bets Authored by Turner Wright via CoinTelegraph.com, A federal judge has granted partial summary judgment in Kalshi’s case against the United States Commodity Futures Trading Commission (CFTC), paving the way for the prediction market to list bets related to elections. In a Sept. 12 opinion filed in the US District Court for the District of Columbia, Judge Jia Cobb said that the CFTC “exceeded its statutory authority” by issuing an order halting Kalshi’s election markets. The commission argued that gambling on the US political races could disrupt markets and potentially threaten election integrity.…  — Continue at ZeroHedge News : Read More