CFTC claims ‘irreparable’ injury in lawsuit against Utah after state targeted Kalshi
Photo: SBC Americas
KEY TAKEAWAYS The CFTC and DOJ sued Utah on Monday to block the state’s gambling enforcement against prediction markets . The suit follows Utah’s Oct. 20 state court lawsuit against Kalshi and two Susquehanna trading firms. Utah is the 10th state sued by the CFTC as three Supreme Court petitions wait for action. The federal government took another state to court over prediction markets, claiming it stands to suffer “irreparable injury” from Utah’s attempts to shut down event contracts. The U.S.
Source: SBC Americas
