CFTC Cites Bitcoin Position in Emergency Order Shielding Kalshi

AI Summary 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 […] fulltext: 390 chars | fulltext source: rss-fallback | summary method: extractive Original: https://news.bitcoin.com/igaming/cftc-cites-bitcoin-position-in-emergency-order-shielding-kalshi/ Source: Bitcoin.com News