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Courts split on prediction market oversight as CFTC sues Arizona, Connecticut and Illinois, JD Supra reports
- Courts split on prediction market oversight as CFTC sues Arizona, Connecticut and Illinois, JD Supra reports — A legal review of the current litigation landscape says federal courts have split on whether CFTC-regulated platforms are shielded from state gaming laws, with state regulators prevailing against Kalshi at the preliminary stage in Nevada, Maryland and Ohio while Kalshi secured relief in Tennessee. The CFTC sued Arizona, Connecticut and Illinois in April 2026 to stop state interference with federally regulated event markets. (JD Supra)
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