United States Fifth Circuit Court of Appeals finds CFTC's 2014 no-action letter constitutes a "license"

Panel of judges side with PredictIt plaintiffs, grant hearing at next possible opportunity

Plaintiffs argue that District Court inaction causes irreparable harm in appeal to higher court

Several investor and academic plaintiffs, many located in the Austin area served by the US District Court for the Western District of Texas added to lawsuit; seek injunctive relief

Injunction would allow existing 2024 markets to remain open through their natural conclusions for the benefit of traders, university educators and journalists.

The lawsuit filed today seeks CFTC disclosures, questions legality of interference with PredictIt