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CFTC sues Utah and Attorney General Derek Brown in tenth state fight over prediction market jurisdiction, CoinCentral reports
- CFTC sues Utah and Attorney General Derek Brown in tenth state fight over prediction market jurisdiction, CoinCentral reports — CoinCentral reported the CFTC filed suit in the U.S. District Court for the District of Utah against Utah and Attorney General Derek Brown, arguing the state is intruding on federal authority over prediction markets. Utah had sued Kalshi seeking to recover up to 60 million dollars, and the CFTC said the event contracts at issue are swaps on CFTC-regulated designated contract markets. (CoinCentral)
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