CFTC Sues Arizona, Connecticut, and Illinois in Clash Over Prediction Markets Jurisdiction

The U.S. Commodity Futures Trading Commission (CFTC) has sued three states in the latest clash between the commission and state regulators over its jurisdiction over prediction markets. This move comes as more states move to crack down on prediction markets such as Polymarket and Kalshi, claiming that they are operating unlicensed sports betting platforms. Ad

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