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CFTC declares market emergency, orders Kalshi to continue to operate in New York

cftc.gov

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Re: CFTC declares market emergency, orders Kalshi to continue to operate in New York

#3

Post by cyanydeez »

pamcake wrote: post #2

So the CFTC frames Kalshi as a financial derivatives exchange for the financial instrument category of event contracts, dismissing NYs characterization of it as a gambling/betting platform. Interesting.

no, it frames it as a grift economy subsidy.

Re: CFTC declares market emergency, orders Kalshi to continue to operate in New York

#4

Post by decimalenough »

Am I reading this right? The state of New York wants Kalshi to stop offering prediction gambling, excuse me, "event contracts" in New York, and the federal Commodity Futures Trading Commission just ordered Kalshi to keep operating in New York regardless?

Re: CFTC declares market emergency, orders Kalshi to continue to operate in New York

#10

Post by pdonis »

pamcake wrote: post #2

So the CFTC frames Kalshi as a financial derivatives exchange for the financial instrument category of event contracts, dismissing NYs characterization of it as a gambling/betting platform. Interesting.

What exactly is the difference between a financial derivatives exchange and a gambling platform? Both involve placing bets on uncertain future outcomes.
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