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CFTC sues Utah to defend exclusive jurisdiction over event contracts on regulated exchanges, The Industry Spread reports
- CFTC sues Utah to defend exclusive jurisdiction over event contracts on regulated exchanges, The Industry Spread reports — The CFTC filed suit on October 26 in the District of Utah, announced in Release 9315-26, seeking to stop Utah from applying its gambling statutes to event contracts listed on designated contract markets. The filing follows Utah Attorney General Derek Brown's October 20 suit against Kalshi and argues the Commodity Exchange Act gives the Commission exclusive jurisdiction over those swaps. (The Industry Spread)
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