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KALSHIEX LLC v. COMMODITY FUTURES TRADING COMMISSION

  1. September 12, 2024

    CFTC Can't Pause Decision To Allow Election Betting

    A D.C. federal judge on Thursday refused to stay a ruling that found the Commodity Futures Trading Commission overstepped its bounds by blocking an online trading platform from allowing users to place bets on the outcome of U.S. congressional elections.

  2. September 09, 2024

    CFTC, Kalshi Duel Over Stay Of Election Betting Order

    The Commodity Futures Trading Commission told a Washington, D.C., federal judge on Monday its request to stay a decision allowing KalshiEx LLC to list election contracts until the commission can weigh an appeal "is not a mere delay tactic," despite the online trading platform's protests that any further holdup to its listings would be "devastating" for business.

  3. September 06, 2024

    CFTC Loses Court Battle Over Election Betting Contracts

    A Washington, D.C., federal judge ruled against the U.S. Commodity Futures Trading Commission on Friday in a case that challenged an agency ban on the use of the derivatives markets to place bets on the outcome of U.S. elections, granting victory to trading platform KalshiEx LLC. 

  4. July 01, 2024

    CFTC Opponent Says No Chevron, No Election Betting Ban

    Online trading platform operator KalshiEx told a D.C. federal court that Friday's U.S. Supreme Court ruling shutting down Chevron deference is the end of the road for the U.S. Commodity Futures Trading Commission's attempts to ban election gambling on derivatives trading platforms.

  5. May 30, 2024

    Kalshi Says Elections Aren't Games In Voting Wager Hearing

    A D.C. federal judge on Thursday tried to weigh whether gambling on elections can be considered "gaming" in predictions market Kalshi's challenge to a U.S. Commodity Futures Trading Commission order blocking it from offering election-based futures contracts.

  6. March 04, 2024

    CFTC Pushes Back On 5th Circ. Order In Election Betting Case

    The U.S. Commodity Futures Trading Commission urged a D.C. federal judge on Sunday to not immediately return the agency's legal showdown against election betting platform PredictIt to Texas, despite a Fifth Circuit ruling that slammed the CFTC's decision to transfer the suit to the nation's capital in the first place.

  7. February 26, 2024

    CFTC Insists Agency Has Authority To Ban Election Gambling

    The U.S. Commodity Futures Trading Commission told a D.C. federal judge on Monday that barring an online trading platform from offering election betting was within its power as a federal agency, and is also in the public interest.

  8. February 02, 2024

    Crypto Biz Backs Election-Bidding Site Against CFTC

    Crypto investment firm Paradigm is throwing its weight behind legal efforts to create a market that would allow companies to bid on the outcome of elections, arguing the U.S. Commodity Futures Trading Commission's blockade on election hedging could be costly for crypto startups.

  9. November 01, 2023

    Trading Platform Sues CFTC To Lift Election Betting Ban

    The U.S. Commodity Futures Trading Commission was sued Wednesday by a company arguing that a recent ban on election bidding amounted to an unauthorized expansion of the agency's authority that threatens to put every proposed event contract under the CFTC's microscope.

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