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Connecticut judge says CFTC order does not override court reading of federal law in Kalshi prediction markets case, GambleRss reports
- Connecticut judge says CFTC order does not override court reading of federal law in Kalshi prediction markets case, GambleRss reports — GambleRss reported Judge Oliver found the CFTC order did not materially change his earlier analysis and did not show intent by the CFTC to take regulatory action against Kalshi itself, and he found no proven irreparable harm from state enforcement. Sports-event contracts accounted for between 80 and 90 percent of Kalshi listed contracts and revenue as of the February hearing, and Nevada regulators have pushed for a 120,000 dollar per day fine over geofencing failures. (GambleRss)
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