2:25-cv-575-APG-BNW MOTION HEARING - ROUGH DRAFT - DO NOT CITE!!!
80 Court. The answer is not 50 different States and the District of Columbia decide. That's a recipe for chaos. THE COURT: I get that. And for purposes of this case, just so I can start to think about the future of this case, if the D.C. Circuit says, we're going to overturn the District Court and agree with the CFTC, then Kalshi would be prohibited from offering contracts on elections, correct? MR. HAVEMANN: Subject to further review -- THE COURT: Of course. MR. HAVEMANN: -- yes. You know, after all review is exhausted and assuming that was the final judgment, then yes. And that would be nationwide. THE COURT: So that takes out that portion of this case, and then, here, we'd only be focusing on the sports-related contracts, correct? MR. HAVEMANN: Yes, that is what would happen if the issue were still teed up before this Court. And, of course, my point is that the D.C. Circuit litigation sort of exemplifies how this sort of dispute should get hashed out and it shows that even with respect to sport event contracts, that's how this should play out, not in Federal Court for a TRO, trying to prevent many different States from subjecting my client to criminal penalties. THE COURT: Don't take this the wrong way: You have sufficiently beaten that horse. I get it. I get it.
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
UNITED STATES DISTRICT COURT Judy K. Moore, RMR, CRR
Made with FlippingBook - Online catalogs