CFTC seeks emergency order against Kalshi

• The CFTC asked a court for an emergency order in its dispute with Kalshi.
• The request is part of a legal battle involving Kalshi’s operations in New York.
• The case could affect the regulation of event-based prediction markets.

The Commodity Futures Trading Commission asked a court for an emergency order in its legal dispute with Kalshi over its operations in New York.

The request is part of a broader court battle over prediction market contracts.

The CFTC is seeking emergency legal relief while the case continues in court.

The dispute focuses on whether some of Kalshi’s event-based contracts fall under the regulator’s authority.

The case could affect how prediction markets are regulated in the United States.

Kalshi operates a regulated platform that allows users to trade contracts based on real-world events.

The court has not yet issued a final ruling in the case, and the legal process is continuing.