regulation ·
CFTC bars state-by-state customer cutoff, clashes with Kalshi court orders
Firms such as Kalshi are currently subject to judicial mandates requiring them to restrict customer access based on specific state lines, a situation that contrasts with guidance provided by the…
Firms such as Kalshi are currently subject to judicial mandates requiring them to restrict customer access based on specific state lines, a situation that contrasts with guidance provided by the Commodity Futures Trading Commission.
The Commodity Futures Trading Commission has stated that regulated trading venues are prohibited from implementing customer bans on a state-by-state basis.
This divergence in regulatory and judicial directives presents a complex operational challenge for market participants.
Earlier coverage
Reported by CoinDesk.
Topics: regulation, exchange.
