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Analysis says Kalshi Ninth Circuit ruling leaves CFTC event-contract rule in limbo
- Analysis says Kalshi Ninth Circuit ruling leaves CFTC event-contract rule in limbo — An analysis of the circuit split notes the Third Circuit reached the opposite conclusion on Kalshi contracts in April, while a New York court assumed the contracts could be swaps but held federal jurisdiction does not preempt state gaming rules. It says the CFTC proposed rulemaking would add a 90-day public-interest review for contracts touching gaming and other listed activities. (CryptoNexa)
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