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CFTC sues Utah over Kalshi crackdown in its tenth state lawsuit, CoinCentral reports
- CFTC sues Utah over Kalshi crackdown in its tenth state lawsuit, CoinCentral reports — The CFTC sued Utah and Attorney General Derek Brown in federal court, arguing the Commodity Exchange Act gives it exclusive jurisdiction over event contracts on CFTC-regulated exchanges. Utah had sued Kalshi seeking to recover up to 60 million dollars in profits, and the federal filing is the agency's tenth lawsuit against a state over prediction market jurisdiction. (CoinCentral)
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