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CFTC moves to block Kalshi trade cancellations ordered by a Michigan court, Skillnex reports
- CFTC moves to block Kalshi trade cancellations ordered by a Michigan court, Skillnex reports — The CFTC has moved to stop Kalshi from cancelling trades that a Michigan court ordered reversed, arguing the state was strong-arming a federally regulated exchange, according to CoinDesk reporting cited by Skillnex. The case tests whether individual states can force trade cancellations on a CFTC-regulated market, a question that goes to whether United States prediction markets stay federal or fracture state by state. (Skillnex)
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