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Trump's CTFC Steps In to Defend Kalshi
Trump's CTFC Steps In to Defend Kalshi As Utah Brings Criminal Charges Against Execs
TL;DRFederal regulator sues Utah to block state criminal charges against prediction market company Kalshi.
Why it matters: Outcome determines whether states or feds control crypto/prediction market regulation going forward.
The Commodity Futures Trading Commission (CFTC) has sued Utah to defend its claimed exclusive authority over federally registered prediction markets, as the state files (PDF) 14 criminal charges against Kalshi and its co-founders for allegedly violating anti-gambling laws. The…
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