Two Upcoming Events About Prediction Markets’ Legal Status

There are two upcoming events related to the PredictIt (April 18th) and Kalshi (May 30th) lawsuits against the CFTC:

(1) Clarke v. CFTC webinar

The Federalist Society is hosting a webinar featuring the attorney representing the plaintiffs in the PredictIt lawsuit, as well as Aristotle’s General Counsel.

Discussing Clarke v. CFTC: The Case of PredictIt & the CFTC’s No-Action Letter
Thursday, Apr 18, 2024
12:00 PM ET

The panel of experts discussing the case include:

  • Michael Edney, Partner, Hunton Andrews Kurth LLP
  • Hon. David Mason, General Counsel and Chief Compliance Officer, Aristotle International
  • Connor Raso, Deputy General Counsel, Public Company Accounting Oversight Board
  • Russ Ryan, Senior Litigation Counsel, New Civil Liberties Alliance

For more information, check out the event page.

You can sign up directly here.

Publications referenced by Connor Raso in the webinar:

Clarke v. CFTC case information here.

(2) Kalshi v. CFTC oral arguments

Judge Jia Cobb (who is also handling Clarke v. CFTC in the DC District Court) has ordered in-person oral arguments for Kalshi v. CFTC.  The details are:

Kalshi v. CFTC
Case #: 1:23-cv-03257-JMC
Thursday, May 30, 2024
1:00 PM ET
Courtroom 3
United States District Court for the District of Columbia
333 Constitution Avenue, N.W.
Washington, DC 20001

Metro stops:
Red Line: Judiciary Square
Yellow Line: Archives-Navy Memorial

If you decide to attend oral arguments, please know:

(a) Courthouse location information

(b) There is a security screening.

(c) All electronic devices with cellular or WiFi capability must be turned off or put in airplane mode before entering a district or bankruptcy courtroom. The use of electronic devices to take photographs, make audio or video recordings, or transmit live audio or video streaming is prohibited.

(d) Courthouse decorum requirements for visitors.

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