Why Kalshis Rough Week Could Reach the Supreme Court: DEX in the City @UnchainedCrypto
Why Kalshis Rough Week Could Reach the Supreme Court: DEX in the City  @UnchainedCrypto
Uploaded July 2026 | Updated September 2026, 2 weeks ago
Kalshi had a brutal week. Sued by Michigan over sports event contracts, hit with a restraining order, then rescued by a CFTC emergency power invoked only four times in the agency’s history.

Katherine Kirkpatrick Bos, Jessi Brooks, and Vy Le trace how a state lawsuit turned into a federalism fight bound for the Supreme Court, why Kalshi also pulled its flight cancellation contracts under public backlash, and the insider-trading allegation swirling around a Trump teleprompter operator.

Host:
⭐️ Katherine Kirkpatrick Bos, General Counsel, previously held senior legal roles across DeFi and centralized exchanges. - https://x.com/kkirkbos
⭐️ Jessi Brooks, General Counsel at Ribbit Capital - linkedin.com/in/jessi-brooks-8289ab32
⭐️ Vy Le - Co-host of DEX in the City and General Counsel of Veda - https://x.com/TuongvyLe12

This clip is from a longer conversation on Kalshi's CFTC showdown and prediction market regulation. Full episode here: youtu.be/Aq7l3O7v6nM

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Chapters:
🎙️ 00:00 Kalshi's rough week begins: a Michigan lawsuit over sports event contracts
🗂️ 05:31 Why the CFTC's break glass emergency power has only been invoked four times ever
⚖️ 13:37 Why Kalshi pulled its flight cancellation contracts under public backlash
🕵️ 17:37 The insider trading allegation involving Trump's longtime teleprompter

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Why Kalshi's Rough Week Could Reach the Supreme Court: DEX in the City

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