CFTC invokes emergency powers to keep Kalshi operating in New York fight

The CFTC has invoked its emergency powers to ensure Kalshi continues operating in New York, shielding the company from a shutdown attempt. This action escalates a jurisdictional conflict regarding whether states can classify federally regulated event contracts as illegal gambling. The CFTC stated it is legally required to maintain order within these markets. Consequently, Kalshi remains operational despite the ongoing lawsuit and the state's efforts to halt its activities through legal challenges in New York.