Narrow Court Limits

its chance, of the story’s futures

−0.1%on the S&P 500, if it happens

A plausible middle path is that the court keeps trading alive but requires tighter conditions around disclosure, margining, eligible stocks, or retail access. This would preserve the CFTC framework while slowing Coinbase and Kalshi’s rollout.

What it moves

Finance−0.5%
Technology−0.1%

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

Narrow Court Limits

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