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CFTC sues Utah to block its enforcement action against Kalshi and other federally regulated prediction markets, VitalLaw reports
- CFTC sues Utah to block its enforcement action against Kalshi and other federally regulated prediction markets, VitalLaw reports — The CFTC filed suit on October 26, 2026 in the District of Utah, following Utah's October 20 state enforcement action against Kalshi and Susquehanna. The agency argues the event contracts are swaps under the Commodity Exchange Act, that state enforcement is preempted, and it seeks declaratory relief and injunctions, making Utah roughly the tenth state the CFTC has sued over prediction market enforcement. (VitalLaw)
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