U.S. agency hits Utah with lawsuit to shield Kalshi’s ability to offer betting there
Summary
A federal regulatory agency has initiated legal action against Utah in an effort to protect Kalshi’s right to operate prediction markets within the state. The Commodity Futures Trading Commission has launched multiple similar lawsuits to defend its exclusive regulatory authority over these platforms.
The U.S. Commodity Futures Trading Commission has pursued more than a dozen legal actions to protect what its chief sees as its sole power over prediction markets.
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