The Commodity Futures Trading Commission (CFTC) has filed a lawsuit seeking to block Utah from enforcing its prediction-market regulations. The federal regulator aims to halt ongoing investigations and prevent the state from pursuing its case against Kalshi and Susquehanna International Group over prediction market contracts.
Utah previously secured a legal victory when Kalshi challenged the state's gambling laws, making the CFTC's intervention a significant escalation in the regulatory battle over jurisdiction for prediction markets.
CFTC Sues to Block Utah's Prediction-Market Enforcement Against Kalshi and Susquehanna
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