
Kalshi & Polymarket’s fate hangs on CFTC’s 10-state war
The CFTC is suing 10 states over who regulates prediction markets, & its chair says he'll take the fight to the Supreme Court.
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The CFTC is suing 10 states over who regulates prediction markets, & its chair says he'll take the fight to the Supreme Court.

Kalshi has sued Missouri, arguing the state's licensing demands leave it no realistic way to comply.

The CFTC has sued Utah to stop the state enforcing its gambling ban against Kalshi.

Polymarket has agreed to stop offering sports event contracts to Michigan customers, following Kalshi, Robinhood & Coinbase.

Polymarket has investigated dozens of midterm election bets for insider trading, with at least two cases sent to the CFTC.

Michigan's attorney general wants Kalshi held in contempt for allegedly advertising to residents after a court ban.

Polymarket has sued Ohio officials to block a state gambling-law enforcement action against its sports event contracts.

A Reuters/Ipsos poll finds most US voters, across both parties, oppose betting on election outcomes.

Novig & Crypto.com are suing Missouri in separate courts after the state demanded they get licensed or stop offering sports event contracts.

BetMGM CEO Adam Greenblatt expects the Supreme Court to rule against prediction markets, siding with states & tribes.

Google has barred prediction-market operators from advertising in five US states where legal challenges to the industry are under way.

An Oklahoma tribe denies Kalshi's claim of a partnership, according to SBC Americas.