BREAKING: CFTC Files Restraining Order as New York AG Sues Kalshi Prediction Market

The legal fight between the Commodity Futures Trading Commission (CFTC) and New York over the regulation of prediction markets like Kalshi saw a dramatic escalation early Friday. The CFTC has filed for a restraining order to block New York actions against registered prediction market platforms, while New York Attorney General Letitia James has sued Kalshi.