The Commodity Futures Trading Commission (CFTC) ordered Kalshi to keep running its exchange after finding that New York’s attempt to stop the platform presented a market emergency. The commission cited a hypothetical bitcoin position to argue that forced liquidation could spread losses well beyond prediction markets. Its premise, that the contracts are swaps, was rejected […]
Source: https://news.bitcoin.com/igaming/cftc-cites-bitcoin-position-in-emergency-order-shielding-kalshi/
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