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Connecticut judge says CFTC cannot override court's reading of federal law in Kalshi case
- Connecticut judge says CFTC cannot override court's reading of federal law in Kalshi case — U.S. District Judge Vernon D. Oliver ruled the CFTC cannot override his court's reading of federal law in Kalshi's Connecticut case, finding the agency's August market emergency order does not change his earlier conclusion that Kalshi's sports-event contracts are not swaps under the Commodity Exchange Act. The CFTC issued the order after New York Attorney General Letitia James sued Kalshi in state court; Connecticut's gaming laws stand. (GambleRss)
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