**Crypto Courtroom Drama: CFTC vs. Kalshi**
- **Judges Grill**: US appellate court judges grilled CFTC and Kalshi lawyers over political betting markets. đ°
- **Definitions Debated**: Judges puzzled over CFTC's definition of "the contest of others" and how it applies to election betting.
- **Security Concerns**: Kalshi's lawyer faced tough questions on platform protections against foreign interference.
- **Flawed Decision?**: CFTC's Schwartz called a lower court's pro-Kalshi ruling "seriously flawed."
- **Election Integrity**: CFTC fears election betting could disrupt markets and democracy.
- **Quick Verdict Needed**: Judges to decide soon with elections just 45 days away.