CFTC Press Releases/
CFTC Stays KalshiEX Rule Change and Exercises Emergency Authority to Order Fulfillment of Pending Trades
The CFTC has stayed an emergency rule change by KalshiEX that would have canceled trades involving Michigan residents, ordering the exchange to fulfill those trades instead to maintain market uniformity and federal jurisdiction.
medium impactneutralKalshiEX
Why It Matters
The action reinforces federal authority over derivatives markets, preventing state-level interference from undermining the integrity and predictability of CFTC-regulated exchanges.