Kalshi, a prediction market platform, has opposed cease-and-desist orders from Nevada and New Jersey by arguing that its contracts fall under the jurisdiction of the CFTC. The CFTC's new strategy prioritizes fraud prevention and support for victims over enforcement actions, aiming to enhance market integrity and protect participants.
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GateUser-d449b4a9
· 2025-03-30 06:48
Kalshi, a prediction market platform, opposes from Nevada.
Kalshi, a prediction market platform, has opposed cease-and-desist orders from Nevada and New Jersey by arguing that its contracts fall under the jurisdiction of the CFTC. The CFTC's new strategy prioritizes fraud prevention and support for victims over enforcement actions, aiming to enhance market integrity and protect participants.