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CFTC sues Utah to block action against prediction markets

Cointelegraph·October 27, 2026·1 min read
CFTC sues Utah to block action against prediction markets

The CFTC is suing Utah to block action against prediction markets. The state filed a lawsuit against Kalshi last week, seeking to recover up to $60 million in profits related to event contracts. The federal agency aims to prevent state interference.

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