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CFTC Sues Utah, Warns Kalshi Crackdown Threatens Federal Oversight

Josh1 min read

CFTC and Kalshi side by sideThe 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 […]

Source: https://news.bitcoin.com/regulation-and-legal/cftc-sues-utah-warns-kalshi-crackdown-threatens-federal-oversight/

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