U.S. prediction markets regulator issues demand that clashes directly with courts
Summary
The Commodity Futures Trading Commission has stated that regulated exchanges are prohibited from blocking users on a state-by-state basis. However, this demand directly conflicts with existing court orders that currently require platforms such as Kalshi to implement these geographic restrictions.
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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