Tag: emergency_authority
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CFTC Exercises Emergency Authority to Stabilize Markets
The CFTC invoked emergency powers today after KalshiEX, LLC declared a market emergency. The Commission ordered the exchange to maintain operations under the Commodity Exchange Act's Core Principles, aiming to ensure continued market stability.
Politics and GovernmentBusinessFederal GovernmentFinancial MarketsLegal CFTCKalshiEXMarket EmergencyEmergency AuthorityCommodity Exchange ActMarket StabilityFinancial Regulation
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CFTC Stays KalshiEX Rule Change, Orders Trade Fulfillment
The CFTC has stayed an emergency rule change by KalshiEX, LLC and ordered the company to fulfill pending trades. This action follows a Michigan court order directing KalshiEX to cancel certain trades involving state residents, ensuring open trades are honored.
Politics and GovernmentBusinessLaw EnforcementFederal GovernmentLegalFinancial MarketsState Governments CFTCKalshiEX, LLCTrade FulfillmentMichiganEmergency AuthorityRegulationFinance