DC Circuit stays Kalshi election betting after CFTC emergency motion
The DC Circuit Court of Appeals temporarily halted Kalshi’s election contracts on 12 September, hours after trading began, following an emergency motion from the CFTC. The Commission cited risks of short-term market manipulation and threats to election integrity; Kalshi asked the court to rule quickly. The stay followed a lower court decision that the CFTC lacked authority to bar the contracts.
The stay prevents Kalshi from offering election contracts while the appeals court considers the CFTC’s request.