CFTC's Suspension Request for Kalshi Put on Hold Pending Hearing
CryptoNewsTerminal Staff09 Sep, 2024
CFTC's Suspension Request for Kalshi Put on Hold Pending Hearing
The Commodity Futures Trading Commission (CFTC) has been granted a brief reprieve in its request for a two-week delay of an order against cryptocurrency-based event market operator Kalshi. On Thursday, a US court granted a stay until a hearing on the matter is held. This hearing will delve into the CFTC's request for a 14-day stay, and a decision on further action will follow. Industry sources anticipate that this development could potentially pave the way for Kalshi to resume offering its services as early as Sunday.
