The U.S. Commodity Futures Trading Commission (CFTC) has filed an emergency motion to temporarily stay a court ruling in favor of prediction platform Kalshi.

- Judge Gia M. Cobb sided with Kalshi, allowing election prediction markets to operate.

- The CFTC had previously banned such contracts, deeming them illegal gambling.

- Kalshi claimed victory, but the CFTC is seeking a 14-day stay to review the ruling.