WuShuo has learned that the CFTC has invoked emergency powers, requiring the regulated prediction market exchange KalshiEX to continue operating under the core principles of the Commodity Exchange Act in response to a market emergency reported by the exchange. Previously, New York Attorney General Letitia James filed a lawsuit against KalshiEX on July 31, seeking a court order to ban the platform from offering event contract trading services nationwide and demanding over $36 billion in damages. The CFTC stated that state-level enforcement actions against federally regulated derivatives exchanges could undermine the unified regulatory framework for the national derivatives market. To protect federal jurisdiction, the CFTC has previously sued Arizona, Connecticut, Illinois, Kentucky, Minnesota, New Mexico, New York, Rhode Island, and Wisconsin. https://(wublock123.com)/news/cftc-exercises-emergency-powers-orders-kalshiex-to-operate-under-regulation-66337