CFTC Sues Utah, Warns Kalshi Crackdown Threatens Federal Oversight
By Jamie Redman
The federal government has hauled Utah into court over prediction markets, challenging a state gambling crackdown that targets Kalshi and potentially $61.2 million in trading fees. The showdown pits Washington’s derivatives regulator against one of America’s strictest gambling prohibitions. CFTC Challenges Utah’s…
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