Utah Becomes Latest Front in CFTC’s Prediction Market Jurisdiction Fight
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Utah has become the latest flashpoint in the fight over who regulates prediction markets. The Commodity Futures Trading Commission (CFTC) this week filed a lawsuit to block state enforcement aimed at stopping platforms such as Kalshi from operating there. The lawsuit, announced Tuesday (Oct. 27), escalates a nationwide clash over whether federally regulated event contracts […] The post Utah Becomes Latest Front in CFTC’s Prediction Market Jurisdiction Fight appeared first on PYMNTS.com.
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