alt Hacker NewsThe "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.
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dannyw • today at 1:28 AM
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.
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)