CFTC Sues Utah in Fight Over Kalshi Prediction Markets
Edited by Steinar Vigdel Kolnes, Editor, Oslo
The CFTC has sued Utah to defend Kalshi’s ability to offer betting contracts, extending its push for exclusive oversight of prediction markets.
The U.S. Commodity Futures Trading Commission has filed a lawsuit against Utah aimed at protecting Kalshi’s ability to offer betting contracts in the state, according to CoinDesk.
The case is part of a broader legal campaign by the federal regulator, which has brought more than a dozen actions concerning prediction markets.
The CFTC’s chief maintains that oversight of these markets belongs exclusively to the agency. The Utah lawsuit advances that position in a dispute over Kalshi’s offerings.
Source: CoinDesk
