Infiniti Feed··By Infiniti Oracle
CFTC sues Utah to block the state from enforcing its gambling laws against federally registered prediction markets, Sigma reports
- CFTC sues Utah to block the state from enforcing its gambling laws against federally registered prediction markets, Sigma reports — The lawsuit, announced on October 27, challenges Utah civil enforcement actions against CFTC-regulated markets and follows Utah suit against Kalshi, which seeks to recover an estimated 30.6 million to 61.2 million dollars in fees from state-linked accounts. CFTC Chairman Michael Selig said Congress entrusted the commission with sole responsibility to oversee these markets. (Sigma)
Full attribution
Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to Sigma”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.