After Cobb issued her decision, the CFTC asked her to put the order on hold pending appeal. Cobb refused to do so. Regulators subsequently asked a U.S. federal appeals court to temporarily block election-related event contracts, but the appeals court also rejected the request and issued a unanimous decision denying the CFTC's emergency motion. , argued that the CFTC did not provide a “specific basis” for the contract. It concludes that electoral contracts can harm the public interest.
