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CFTC sues Utah, its 10th state case over prediction markets, LegalSportsBetting reports
- CFTC sues Utah, its 10th state case over prediction markets, LegalSportsBetting reports — LegalSportsBetting reported the federal government and the CFTC sued Utah in federal court in Salt Lake City on Monday, after Utah sued Kalshi and Susquehanna in state court on October 20. Counting Utah, Washington now has 10 states in court over prediction markets, arguing event contracts are swaps under federal oversight alone. (LegalSportsBetting)
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