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CFTC sues Utah to block state enforcement against Kalshi and other federally regulated prediction markets, CoinDesk reports
- CFTC sues Utah to block state enforcement against Kalshi and other federally regulated prediction markets, CoinDesk reports — The Commodity Futures Trading Commission filed a federal lawsuit against Utah after the state moved on October 20 to enforce its gambling ban against Kalshi and Susquehanna. The agency argues event contracts are swaps under federal law and that state enforcement is preempted, making Utah the tenth state it is fighting in court. (CoinDesk)
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