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CFTC tells federally regulated prediction market exchanges they cannot cut off customers by state and gives them 30 days to restore nationwide access or explain why they cannot, CoinDesk reports
- CFTC tells federally regulated prediction market exchanges they cannot cut off customers by state and gives them 30 days to restore nationwide access or explain why they cannot, CoinDesk reports — The Commodity Futures Trading Commission issued a new interpretation late Thursday saying designated contract markets such as Kalshi and Polymarket cannot geofence customers based on location, even where courts have ordered access blocked. Senator Adam Schiff criticized the move on Friday, saying it undermines state law, tribal sovereignty and court orders. (CoinDesk)
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