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CFTC sues Utah in its tenth state case over prediction market jurisdiction, The Block reports
- CFTC sues Utah in its tenth state case over prediction market jurisdiction, The Block reports — The CFTC filed suit in federal court in Utah against the state and Attorney General Derek Brown after Utah sued Kalshi alleging illegal gambling, arguing Congress gave the CFTC sole responsibility to oversee prediction markets. Chair Michael Selig said the agency will defend its exclusive jurisdiction over commodity derivatives. (The Block)
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