A U.S. court in Nevada suspends the state's action to block Kalshi's operations "
The Internet reported that a federal court in Nevada has approved a preliminary injunction proposed by Kalshi, a cryptocurrency-based forecasting market, temporarily preventing the state government from stopping operations of its cryptocurrency-based forecasting market. Kalshi co-founder Tarek Mansour thanked the court through Platform X for its recognition of the platform's status as an exchange regulated by the U.S. Commodity Futures Trading Commission (CFTC).
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