Computer engineers and programmers have long relied on reverse engineering as a way to copy the functionality of a computer program without copying that program’s copyright-protected code directly.

But if the court ruled for the CFTC, Kalshi would have to accept that every time it wanted to do something its regulator didn’t like, it would be stopped. A loss might not have killed the company, but ...

Every hint, nudge and outright answer you need to complete today's NYT Strands puzzle.