CFTC Orders Kalshi to Keep Operating Prediction Markets in New York

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The Commodity Futures Trading Commission (CFTC) has directed Kalshi to continue offering its prediction markets in New York despite an ongoing legal challenge. New York state filed a lawsuit against Kalshi last month seeking to block the platform from running sports-related prediction markets. The federal regulator's order effectively pushes back against the state's attempt to shut down Kalshi's operations. The development highlights a jurisdictional tension between state authorities and federal oversight of prediction market platforms.

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