More than a dozen PredictIt traders and educators, and PredictIt service provider Aristotle, who are suing the Commodity Futures Trading Commission (CFTC) in federal court, have filed a Motion for an Injunction Pending Appeal in the Fifth Circuit. In the filing, they argue that a district court has delayed action to the point where relief would otherwise come too late to protect the PredictIt Market which has functioned for more than eight years. The Motion asks the Court to rule by Jan. 19, 2023.
Following several months of inaction and given the time-sensitive nature of this issue, plaintiffs filed a motion on Dec. 23, 2022, to move their request for a Preliminary Injunction from the United States District Court for the Western District of Texas to the United States Court of Appeals for the Fifth Circuit.
This action asks the Fifth Circuit to enter an interim order preventing shut down of the PredictIt market while the Court considers the appeal. The filing also presents plaintiffs' reasoning for the motion and states that PredictIt and its traders have already suffered irreparable harm in the form of distorted pricing and compliance costs as a result of the CFTC's order to shut down on the arbitrary date of Feb. 15, 2023.
"Given that the CFTC gave PredictIt an arbitrary deadline that is quickly approaching, and the District Court's focus on a venue change argument ahead of the substantive issues, we are pursuing every possible avenue to get relief and answers for the plaintiffs and the broader PredictIt user base," said David Mason, Aristotle General Counsel and former Federal Election Commission (FEC) Chairman.
Aristotle is the contract service provider for the PredictIt Market, which has operated under No-Action Relief CFTC 14-130 since 2014.
Requests for the full text of the motion and other press inquiries should be directed to press@aristotle.com.
WABC-TV, the #1 Station in New York and the Most Watched Local Station in the Country, Is a Proud Media Partner of the Juneteenth NY Celebration. New York City's Premier Three-Day Annual Celebration Showcasing the Abundant History and Impact of African-Americans Returns to the Epicenter of Black Culture and Community with Exciting New Events For 2023
NEW YORK, February 23, 2023 (Newswire.com)
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The 14th Annual Juneteenth NY Celebration - one of New York City's premier and largest annual events commemorating a now federally-recognized holiday - returns for an exciting three-day celebration, kicking off virtual and in-person on Friday, June 16, through June 18 from the epicenter of Black culture and community in Brooklyn, NY.
The Juneteenth NY Celebration was created to empower the Black community as well as advance the economic and cultural arts in underserved areas to champion small, Black-owned businesses. By showcasing Black creativity, ingenuity, and innovations, the Juneteenth NY Celebration's array of events push forward a positive and present-day Black history narrative. With this year's theme "Kaleidoscope of Black Culture", the weekend will feature the best in Black culture and community with live performances, exhibitions, authentic local cuisine, wellness and other family fun activities, including The Celebration of Black Kings Awards Dinner and Reception and the highly anticipated Juneteenth NYC Parade. Over the past 14 years, Juneteenth NY has grown and expanded exponentially from a local gathering to a nationally recognized event with this year's attendees expected to reach over 37,000+.
In honor of Black History Month and celebrating freedoms for all worldwide, the Juneteenth holiday promotes unity and builds self-esteem through reflection, education, and acknowledgment of African-American achievements. In 2021, historic and bipartisan legislation passed establishing Juneteenth as the newest Federal holiday, showcasing the power and progress of the work that continues to move African American history forward. Juneteenth NY Celebration encourages people of all races, nationalities, and ethnicities to join together to support and participate in Juneteenth celebrations locally and across the country - a true testament of resilience and humanity.
"We are beyond excited to bring the Juneteenth NY Celebration back bigger and better than ever in its 14th year as New York's premier event for the city to come together and celebrate our rich Black history that is embedded in the very fabric of this country. We are proud to continue the Juneteenth NY tradition and celebration as the largest gathering of Black people dedicated to elevating one another, providing a space for creativity, culture, and Black excellence," said Juneteenth NY's pioneer and visionary CEO/Founder, Athenia Rodney. "Recently we have witnessed an attack on Black history and African-American studies, but with events like Juneteenth NY Celebration, we can educate, uplift, and enlighten people everywhere and truly champion change by bringing Black history past, present and future to the forefront. Juneteenth NY is a safe space for our community, shifting the narrative and creating change that will have a lasting generational impact nationally and globally."
"WABC is a proud media sponsor of the Juneteenth NY Celebration, which recognizes the contributions of African-Americans and the power and strength of the human spirit," said Marilu Galvez, President and GM of WABC-TV. The WABC station-wide media partnership includes Juneteenth NY coverage on linear, digital, and social platforms.
The 14th Annual Juneteenth NY Celebration will be held (rain or shine). All events with the exception of The Celebration of Black Kings Awards Dinner and Reception are free and open to the public. Registration is encouraged. To learn more, please visit https://www.juneteenthny.com/.
About Juneteenth Juneteenth - also known as "Juneteenth Independence Day" or "Freedom Day" - is a holiday that commemorates the June 19, 1865 announcement of the abolition of slavery in Galveston, Texas, and, more generally, the emancipation of African-American slaves throughout the Confederate South. The state official celebration is generally celebrated on June 19th and is now recognized as a national holiday. Juneteenth symbolically serves as a reference point from which to measure and appreciate the progress and contributions made by African-Americans to society.
About Juneteenth NY Celebration Now in its 14th year, the Juneteenth NY Celebration is one of the longest-running events commemorating Juneteenth and the preeminent celebration of the holiday in the Tri-State area. Located in Brooklyn, the first Juneteenth NY Celebration was held in East New York and hosted by George Walker Jr. in 2009 with Umoja Events entrusted to carry on the Celebration in 2011. The Celebration was designed to celebrate and empower the Black community. Each year features a theme that seeks to educate the Black community on its history while also changing the narrative of the devastating impact of slavery.
About WABC-TV New York WABC-TV has been the leader in local news and entertainment programming in the New York City area for more than 61 years. Producing more than 45 hours of live, local news and weather each week, Channel 7 "Eyewitness News" is the most-watched local news in New York and the United States. WABC-TV also produces "Live with Kelly and Ryan," weekdays at 9:00 a.m., which is seen in more than 200 markets across the U.S. Quality news and programming, cutting-edge technology and ongoing community outreach are the hallmarks of excellence that have consistently kept WABC-TV New York's No. 1 station and the most-watched television station in the nation. Twitter: https://twitter.com/abc7ny; Instagram: https://www.instagram.com/abc7ny/; Facebook: ABC7NYhttps://www.facebook.com/ABC7NY/