A US judge grants prediction markets platform Kalshi a temporary reprieve after Connecticut issues cease and desist orders for alleged unlicensed gambling. Kalshi argues its contracts are lawful under federal law and subject to CFTC jurisdiction, filing a motion to halt enforcement. Kalshi’s platform saw record trading volume and a $1 billion funding round. Multiple US states have taken issue with Kalshi’s offerings, leading to lawsuits over state gambling laws.

Read more at CoinTelegraph: Judge Temporarily Stops Connecticut’s Action Against Kalshi