CFTC Sues Utah Over Prediction-Market Enforcement
Edited by Steinar Vigdel Kolnes, Editor, Oslo
The CFTC is seeking to stop Utah from investigating or taking enforcement action against federally regulated prediction markets.
The Commodity Futures Trading Commission has filed a federal lawsuit against Utah, seeking to block state action involving prediction markets.
The complaint challenges Utah's case against Kalshi and Susquehanna. The CFTC is asking the court to prevent the state from pursuing enforcement against federally regulated markets.
The requested restrictions would also cover state investigations, according to The Defiant. The lawsuit puts the scope of state oversight of these markets before a federal court.
Source: The Defiant
