U.S. prediction markets regulator issues demand that clashes directly with courts
Summary
The Commodity Futures Trading Commission has instructed regulated prediction markets to stop blocking users on a state-by-state basis. This directive directly contradicts existing court orders that currently require firms like Kalshi to restrict access for customers in specific states.
The Commodity Futures Trading Commission said regulated exchanges can't cut off customers state-by-state, but firms like Kalshi are under court orders to do so.
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