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CFTC sues Utah to block state interference in prediction markets, TheLines reports
- CFTC sues Utah to block state interference in prediction markets, TheLines reports — The CFTC filed suit against Utah after the state sued Kalshi and alleged prediction markets are illegal gambling. CFTC Chair Michael Selig said the agency has exclusive jurisdiction over commodity derivatives, while Utah Attorney General Derek Brown said Kalshi has run a sportsbook in the state since at least 2024. (TheLines)
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