Ledger Insights· Ledger Insights·· 8 hours agoAI score39
SEC asks court not to halt Kalshi’s individual-stock perpetual contracts but takes no position on their legality
SEC tells court not to halt Kalshi stock perps but won’t say if they’re legal yet
AI brief
AI-assisted source summary · not independently verified. Content standards
The SEC filed an opinion with the court supporting the CFTC’s opposition to halting individual-stock perpetual contracts on platforms including Kalshi, but did not assess whether they are legal. The SEC said it has the authority to decide whether to overturn the exchange rules of Kalshi, Coinbase, and Bitnomial, and must make a decision by December 31, but did not disclose its position.
Source:Ledger Insights · ledgerinsights.com