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Yesterday afternoon, oral arguments were heard in <em>Kalshi v. CFTC</em> before a three-judge panel at the Court of Appeals for the District of Columbia. The case also raises important questions about financial market innovation, the breadth of the CFTC’s jurisdiction and the congressional response to agency action. While there has not yet been a legislative response to the <em>Kalshi </em>decision, Congress continues to hold hearings and consider legislative proposals to promote innovation in financial markets.

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<a href="https://www.bakerlaw.com/insights/district-court-charts-pathway-for-election-gambling/" target="_blank" rel="noreferrer noopener">Read the alert.</a>

New York

Partner

Michelle  N. Tanney

Washington, D.C.

Kevin R. Edgar

San Francisco

Counsel

Isabelle Corbett Sterling

Associate

Jamie S. Reiner

The Fate of Election Betting Rests with the Federal Courts