Kalshi, the American prediction market platform says that the emergency motion filed by the Commodity Futures Trading Commission, CFTC, would cause the company unrepairable damages as it will push to 14 days delay to start the prediction contracts, then fill another and another petition until is too late for people to predict in the U.S elections.
The prediction platform won over the CFTC a case to start providing Americans ability to predict on their markets the upcoming US elections. But, the American agency run to block that intention with a "emergency motion" that is asking for 14 days to delay the process while their found material to fight back the judge decision.
It's clear that the strategy from the CFTC is to delay Kalshi markets on United States elections and will do everything on their capabilities to not let that happen. They will continue to complain about the decision made by a judge using ammo that they can after all, they believe that betting on US elections is against democracy and can interfere with the results of the elections.
Well, the next days will be a run run by this two players, one asking the judge to grant them authorization to proceed with their US prediction market while other doing everything on their capabilities to stop it from happening. Who gonna win this battle? Remember:
CONTENT IS KING!