CFTC Sues Utah to Block Prediction-Market Enforcement
6 outlets · first seen 15h ago · latest 9h ago
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The Defiantfirst seen
CFTC Sues Utah to Block Prediction-Market Enforcement
The federal complaint targets Utah's case against Kalshi and Susquehanna, seeking to bar investigations as well as enforcement against federally regulated markets.…
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The Block
CFTC sues Utah as battle over prediction market regulation intensifies
The CFTC is escalating its legal fight with states, suing Utah after the state filed a lawsuit against prediction market platform Kalshi.
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Crypto Briefing
CFTC sues Utah to shield Kalshi from state gambling crackdown
The CFTC's legal battle with Utah could redefine federal authority over state gambling laws, impacting prediction markets nationwide. The post CFTC sues Utah to shield Kalshi from state gambling crackdown appeared first on Crypto Briefing.
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Cointelegraph.com News
CFTC sues Utah to block action against prediction markets
The US state filed a lawsuit against Kalshi last week, seeking to recover up to $60 million in profits related to event contracts on prediction markets.
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Bitcoin News
CFTC Sues Utah, Warns Kalshi Crackdown Threatens Federal Oversight
The federal government has hauled Utah into court over prediction markets, challenging a state gambling crackdown that targets Kalshi and potentially $61.2 million in trading fees. The showdown pits Washington’s derivatives regulator against one of America’s strictest gambling prohibitions. CFTC Challenges Utah’s Gambling Crackdown On Tuesday, the Commodity Futures Trading Commission (CFTC) and the United […]
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Unchained
CFTC Asks Federal Judge to Halt Utah’s Kalshi Gambling Case
The Commodity Futures Trading Commission wants a federal judge to bar Utah from treating CFTC-regulated prediction markets as illegal gambling, starting with the state’s week-old case against Kalshi. The agency announced the suit Tuesday, making Utah the tenth state it has taken legal action against. Its complaint, filed Monday in federal court in Utah, lists the United States and the…