CFTC intervention in KalshiEx LLC v. Furcolo (D.R.I.)

PendingCFTC v. State

Last updated August 16, 2026. Snapshot — not legal advice.

Overview

Unlike the CFTC’s standalone suits against other states, its Rhode Island action was a motion + complaint-in-intervention (filed May 28, 2026) inside Kalshi’s existing federal case, KalshiEx LLC v. Furcolo (D.R.I. No. 1:26-cv-00327-MSM-PAS) — not a separate "CFTC v. Rhode Island" lawsuit, so there is no independent case caption to verify. The intervention asserts exclusive federal jurisdiction and seeks to block state enforcement. Pending before Chief Judge McElroy. (The underlying docket 1:26-cv-00327-MSM-PAS is docket-confirmed via the CFTC’s filed motion; captionVerified stays false because this action has no standalone caption of its own.)

Timeline

May 2026

CFTC moves to intervene in KalshiEx LLC v. Furcolo (D.R.I. 1:26-cv-00327) to block state enforcement.

What's next: Pending.

Parties

Plaintiffs

  • U.S. Commodity Futures Trading Commission (intervenor-plaintiff)

Defendants

  • Rhode Island officials (via the underlying Kalshi action)
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