A federal judge has issued a temporary administrative stay of a decision overturning an order allowing prediction market Kalshi to list bets for the United States election.
In a minute order posted to the docket in the US District Court for the District of Columbia on Sept. 9, Judge Jia Cobb said the court would hold a hearing on Sept. 12 to address competing motions filed by the US Commodity Futures Trading Commission (CFTC) and Kalshi. Judge Cobb temporarily stayed an earlier decision to overturn a previous order halting Kalshi’s election markets in response to a request from the CFTC.
“This Order does not represent a ruling on the merits of [the CFTC’s] motion for a stay but instead grants a temporary administrative stay of three days until the conclusion of the upcoming hearing,” said the docket.
This is a developing story, and further information will be added as it becomes available.
