The CFTC, a US derivatives regulator, expands prediction markets litigation to 10 states
Photo: The Cryptonomist
The Commodity Futures Trading Commission has sued Utah to stop state enforcement efforts against federally registered prediction markets, extending the CFTC’s prediction markets litigation to ten states. Announced on October 27 , the lawsuit argues that Utah’s actions interfere with authority Congress reserved for the federal regulator. Key takeaways The CFTC seeks to block Utah’s enforcement against registered markets. The agency claims exclusive federal oversight of prediction markets. Related jurisdiction disputes involve nine other states. A separate CME challenge concerns Kalshi’s Bitcoin perpetual futures approval.
Source: The Cryptonomist
