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CFTC orders Kalshi to keep prediction markets running in New York despite state lawsuit
📈 Business

CFTC orders Kalshi to keep prediction markets running in New York despite state lawsuit

The Commodity Futures Trading Commission (CFTC) has ordered prediction market platform Kalshi to continue operating sports-related prediction markets in New York, overriding a lawsuit filed by the state last month seeking to block them. The federal regulator is effectively siding with Kalshi against New York state authorities. The dispute centres on the legal status of sports outcome prediction markets.

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