🚀 Hold onto your hats, DeFi and Web 3.0 enthusiasts! The CFTC just lost a court battle over Kalshi's election contracts, but they’re not throwing in the towel yet! Chairman Rostin Behnam says they'll keep fighting what they see as illegal activity. 🤔
Federal Judge Jia Cobb ruled the CFTC overstepped by banning Kalshi's political prediction markets. But wait, there's more! An appeals court halted Kalshi's new markets after the CFTC asked for an emergency stay. 🛑
Behnam suggests election betting should be regulated at the state level. What do you think? Comment below! 💬 #DeFi #Web3 #CryptoNews