Key Takeaways CFTC ordered Kalshi to keep operating after its Aug. 1 market-emergency notice. The order says forced liquidation of a bitcoin position could trigger other unwinds. A Connecticut judge rejected the swaps premise in a ruling docketed a day earlier. Bitcoin Example Broadens Fight Beyond Sports Contracts Countering New York’s suit against the prediction market, the CFTC on Aug. 11 directed Kalshi to keep running its exchange under its normal practices and the Commodity Exchange Act’s Core Principles. The emergency order followed Kalshi’s Aug. 1 warning that the state’s requested restraining order could stop it from offering event contracts …

