A federal judge on Thursday cleared the path for Americans to use derivatives to bet on events such as the outcome of U.S. elections, dealing another blow to...
NEW YORK - A federal judge on Thursday cleared the path for Americans to use derivatives to bet on events such as the outcome of U.S. elections, dealing another blow to the regulator overseeing the market.
"This case is not about whether the Court likes Kalshi's product or thinks trading it is a good idea," Cobb stated. "The Court's only task is to determine what Congress did, not what it could do or should do. And Congress did not authorize the CFTC to conduct the public interest review it conducted here.
Ballard announces restructuring to lower total operating expenses by more than 30% to align with delayed market adoption, while maintaining long-term competitiveness and balance sheet strength
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