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CFTC Chair Selig calls Utah criminal charges against Kalshi co-founders a blatant overreach, KuCoin reports
- CFTC Chair Selig calls Utah criminal charges against Kalshi co-founders a blatant overreach, KuCoin reports — CFTC Chairman Michael Selig on October 29 called Utah's criminal charges against Kalshi's co-founders a blatant overreach and pledged to defend federal jurisdiction, KuCoin reports. The charges, filed October 28 against KalshiEX, CEO Tarek Mansour and COO Luana Lopes Lara, came two days after the CFTC sued Utah to block state enforcement against federally regulated prediction markets. (KuCoin)
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