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CFTC Uses Emergency Powers to Keep Kalshi Running in New York

CoinCentral·August 12, 2026·1 min read

The CFTC invoked emergency authority to order prediction market platform Kalshi to keep operating in New York. New York sued Kalshi on July 31, claiming it runs an unlicensed gambling business offering sports prediction markets. New York seeks at least $36 billion in damages plus penalties.

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