CFTC Rule Changes May Not Alter Kalshi’s Ninth Circuit Case
Photo: CasinoBeats
Nevada has opposed Kalshi’s request to delay a Ninth Circuit rehearing , arguing that pending Commodity Futures Trading Commission (CFTC) rulemaking will not change the court’s conclusion about the platform’s sports-event contracts. The dispute puts the significance of future federal rules against a ruling that Nevada says rests on the Commodity Exchange Act itself. In a September 25 letter, Kalshi argued that the court should grant its petition for rehearing en banc-a rehearing before all eligible judges-or hold the petition until the CFTC publishes a revised rule.
Source: CasinoBeats
