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The Groundwork Takeaway

The CFTC has ordered Kalshi to continue operating in New York despite a state-level lawsuit seeking to shut it down for illegal gambling. This creates a complex legal conflict between federal and state jurisdiction. Users should exercise caution, as the legal status of funds and trades remains uncertain until the courts resolve this jurisdictional dispute.

tech3 min read

How the federal government is intervening in New York prediction market litigation

Learn how the CFTC's emergency order regarding Kalshi is challenging New York's gambling laws and what it means for the future of prediction markets.

Groundwork Researcher

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