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@twg
According to Coindesk, lawyers from the U.S. Commodity Futures Trading Commission (CFTC) argued in a brief submitted to the appellate court that a federal judge "erroneously" allowed predicted market Kalshi to list and trade election contracts, and reiterated many of the arguments it made in lower courts. The judge ruled last month that the CFTC cannot prohibit Kalshi from listing election contracts. The regulatory agency has applied to the appellate court for a stay of execution to prevent the company from launching the product before the appeal result is announced. But the judge of the court ruled that the CFTC failed to prove that it would cause irreparable harm. @dre
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