CFTC and Kalshi Face Off in Marathon Appellate Argument

Also, Fed rate cut has Chopra thinking about mortgage rules

It’s been a head-spinning couple of weeks in what has become an epic legal battle between the CFTC and Kalshi over election betting. Today, the two sides squared off in the U.S. Court of Appeals for the D.C. Circuit where the case landed after the agency lost the first round. Because time is of the essence – the election is less than two months away – t…