CFTC INVOKES EMERGENCY POWERS FOR KALSHI — BLOCKS NYC SUIT

CFTC just invoked emergency powers to keep Kalshi's contracts live—blocking New York's attempt to shut them down. The regulatory standoff pits federal futures authority against state-level enforcement, meaning degens can keep trading political and event contracts for now while lawyers duke it out.

Breaking regulatory clash between CFTC and state; direct impact on trading access.