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CFTC Invokes Emergency Powers to Block Kalshi Trade Cancellations in Michigan

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2 outlets - including Cryptotimes and Defirate - are covering this story. The CFTC ordered Kalshi to fulfill open trades despite a Michigan court order. The decision reinforces federal oversight of U.S. derivatives markets.

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The Crypto Times News Jul 14, 20:12 UTC

CFTC Invokes Emergency Powers to Halt Kalshi Trade Cancellations

The CFTC ordered Kalshi to fulfill open trades despite a Michigan court order. The decision reinforces federal oversight of U.S. derivatives markets.

DeFi Rate Jul 14, 19:02 UTC

CFTC Invokes Emergency Powers to Block Kalshi Trade Cancellations in Michigan

The commission ordered Kalshi to settle affected Michigan sports contracts normally after a state court directed the exchange to void and refund them The post CFTC Invokes Emergency Powers to Block Kalshi Trade Cancellations in Michigan app…