At a Congressional hearing, two former CFTC counsels discussed the commission's 'extraordinary' move of ordering Kalshi to defy a court ruling in Michigan.
During a meeting of the House Committee on Agriculture’s Subcommittee on Commodity Markets, Digital Assets, and Rural Development, the CFTC's action was described as unprecedented. The decision to directly instruct Kalshi to go against a court ruling was a focal point of the two-hour session.