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 courtroom to quickly block the election-related occasions contracts, the appeals courtroom additionally declined, issuing a unanimous resolution denying the CFTC’s emergency movement to remain and arguing that the CFTC had supplied “no concrete foundation” to conclude that election contracts might hurt the general public curiosity.
