After Cobb issued her resolution, the CFTC requested that she keep her order whereas they appealed it. Cobb declined to take action. When the regulator then requested a U.S. federal appeals court docket to briefly block the election-related occasions contracts, the appeals court docket additionally declined, issuing a unanimous resolution denying the CFTC’s emergency movement to remain and arguing that the CFTC had offered “no concrete foundation” to conclude that election contracts may hurt the general public curiosity.
