- The CFTC ordered Kalshi to honor existing trades after staying a proposed rule change linked to a Michigan court directive.
The U.S. Commodity Futures Trading Commission (CFTC) has directed prediction market operator Kalshi to fulfill its existing trades after exercising its emergency authority to stay a proposed rule change linked to a Michigan court order.
The proposed amendment was intended to address a directive requiring the cancellation of certain completed trades involving Michigan residents.
he development follows a recent court decision secured by Michigan’s Attorney General, which halted Kalshi’s sports-related event contracts in the state.
