CFTC gives exchanges 30 days to remove or explain violating geographic restrictions
Regulator challenges Sixth Circuit’s access rationale, says eligible US participants generally should not be excluded by geography
A November 5 CFTC demand gives US derivatives exchanges 30 days to remove domestic geographic restrictions that violate impartial-access rules, or explain why compliance is not feasible, putting federal pressure on controls the Sixth Circuit said could coexist with Kalshi’s federal obligations.