New York attorney general challenges CFTC order in Kalshi case
New York’s attorney general’s office asked a federal judge not to rely on the CFTC’s emergency order when considering Kalshi’s request for a preliminary injunction. In a 31 August letter, the office argued the order did not support Kalshi’s legal position and lacked persuasive or evidentiary value; the state is not seeking judicial review of the order itself.
The court’s treatment of the CFTC order could affect Kalshi’s ongoing legal dispute with New York over prediction markets.