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The "order" there is effectively a reset button to the TRO. Its function is to say "you can ignore the TRO and continue business as usual". It doesn't force Kal
by akerl_ 2mo ago
The "order" there is effectively a reset button to the TRO. Its function is to say "you can ignore the TRO and continue business as usual". It doesn't force Kalshi to continue operating if they had their own reasons for pausing operations.
- semiquaver 2mo agoYou are simply wrong. The order invokes statutory emergency authority to require markets to operate as before. It’s materially different from cancelling the TRO (which has not been granted)
- dannyw 2mo agoThe order actually does legally require Kalshi to continue operating, and unless they successfully appeal, Kalshi would be breaking federal law. Market regulators do have this power.