Nevada: Attorney opposes Kalshi’s bid to delay rehearing due to CFTC rulemaking

Nevada opposes Kalshi’s bid to delay a rehearing by the U.S. Court of Appeals for the Ninth Circuit while the Commodity Futures Trading Commission (CFTC) proposes new rules for event contracts. In a letter dated September 25, Kalshi contends that because the CFTC has stated that it intends to revise 17 CFR 40.11 “with…