Organization: Jon Brodkin
Location: Global
Source: Jon Brodkin
The Trump administration is trying to stop New York from enforcing its gambling laws against Kalshi, and yesterday said it ordered the prediction market to continue operating in the state. The Commodity Futures Trading Commission (CFTC) announced that it exercised its emergency authority in response to a “market emergency.” The CFTC said it acted “to ensure market stability” and “ordered the exchange to continue to operate in accordance with the Commodity Exchange Act’s Core Principles.” The …
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