Tennessee federal judge issues preliminary injunction allowing Kalshi to continue offering sports event contracts in litigation. The court found it to be a "swap" under the Commodity Exchange Act, implying CFTC exclusive jurisdiction. State agency dismissed due to sovereign immunity, and Kalshi is required to post a $500,000 bond. #CFTC #Kalshi
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Tennessee federal judge issues preliminary injunction allowing Kalshi to continue offering sports event contracts in litigation. The court found it to be a "swap" under the Commodity Exchange Act, implying CFTC exclusive jurisdiction. State agency dismissed due to sovereign immunity, and Kalshi is required to post a $500,000 bond. #CFTC #Kalshi