Comment by semiquaver | Hacker News Reader

Comment by semiquaver | Hacker News Reader

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What? It’s in the first paragraph.

  > August 11, 2026
  >
  > WASHINGTON — The Commodity Futures Trading Commission today exercised its emergency authority in response to KalshiEX, LLC’s notification of a market emergency and ordered the exchange to continue to operate in accordance with the Commodity Exchange Act’s Core Principles.

Further, the operative document that this press release is about is titled “ORDER DIRECTING KALSHI TO CONTINUE EXERCISING DCM FUNCTIONS”: https://www.cftc.gov/media/14471/OGC_MarketEmergencyDeclarat...

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.

You 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)

The 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.

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