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US CFTC requires derivatives exchanges to eliminate or explain domestic geographic restrictions within 30 days, confronting Kalshi litigation divergence
On November 5, the U.S. Commodity Futures Trading Commission (CFTC) issued a 30-day mandate to derivatives exchanges, requiring them to remove domestic geographic restrictions that violate fair access rules or explain why doing so is not feasible. This move directly challenges a previous court ruling that allowed the prediction market Kalshi to implement geographic controls.
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