Kalshi’s New Political Prediction Markets Halted as CFTC Appeals Loss

“Appellee
KalshiEx
LLC
(‘LLC’),
knowing
that
this
Court’s
review
was
imminent,
has
raced
to
launch
its
election
gambling
contracts
on
the
same
day
the
District
Court
issued
a
memorandum
opinion,
before
Appellant
the
Commodity
Futures
Trading
Commission
(‘Commission’
or
‘CFTC’)
has
had
the
opportunity
to
file
this
motion
for
stay
pending
appeal
about
the
serious
legal
issues
and
public
interests
at
stake,”
the
CFTC
said
in
its
filing.