Judge Says CFTC Kalshi Order ‘Smacks of a Collusive Effort’ in Novig Ruling

A federal judge in Manhattan has refused to stop New York from applying its gambling laws to Novig, ruling that the prediction market’s sports contracts “are sports betting.” The judge also said the CFTC’s emergency order shielding Kalshi “smacks of a collusive effort” between the regulator and the company it regulates, potentially setting up a […]