Policy
CFTC Sues Utah, Warns Kalshi Crackdown Threatens Federal Oversight
Bitcoin.com News·October 27, 2026·1 min read
The Commodity Futures Trading Commission (CFTC) sued Utah over its gambling crackdown targeting Kalshi and potentially $61.2 million in trading fees. The federal derivatives regulator challenges the state's strict gambling prohibition, arguing it threatens federal oversight of prediction markets. The lawsuit pits Washington against one of America's strictest state-level bans.
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