After the U.S. Commodity Futures Trading Commission's court defeat last week in the agency's pursuit of Kalshi's election contracts, the regulator's chairman, Rostin Behnam, said it will still keep pursuing the case against what it continues to contend is illegal activity. "This is a situation that we think is against the law," Behnam said at a financial policy event at Georgetown University's Psaros Center for Financial Markets and Policy. "We will continue to make that case." Federal Judge Jia Cobb of the District of Columbia court ruled last week that the CFTC exceeded its authority by banning Kalshi from listing ... (full story)