The CFTC asked the court to block Kalshi from offering election betting contracts until it reviews the reasoning for the denial of its order.
The United States regulator has urgently filed an emergency motion to block Kalshi, a US prediction market, from offering election betting contracts. The submission comes just hours after the judge's decision to overturn a previous order halting Kalshi’s election markets.
According to a Sept. 6 court filing, the US Commodity Futures Trading Commission’s (CFTC) requested an “emergency stay” of the court’s decision that overturned its order to prohibit Kalshi from listing its election contracts for trading on that same day.
The regulator requested that the court “stay the vacatur” for 14 days following the issuance of its detailed opinion explaining the denial of the order.
