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CFTC has sued 10 states in 2026 to block state restrictions on prediction markets, arguing federal oversight preempts state gambling laws, WSNext reports
- CFTC has sued 10 states in 2026 to block state restrictions on prediction markets, arguing federal oversight preempts state gambling laws, WSNext reports — WSNext reports the CFTC filed lawsuits against 10 states in 2026, including Utah on October 20 and Minnesota on May 19, as Utah sued Kalshi on October 13 alleging it operates an illegal gambling business. The CFTC argues its federal framework for designated contract markets preempts state enforcement against platforms such as Kalshi. (WSNext)
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