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Federal court in Illinois affirms CFTC authority over Kalshi, blocking state gambling rules, SCCG Management reports
- Federal court in Illinois affirms CFTC authority over Kalshi, blocking state gambling rules, SCCG Management reports — SCCG Management reported a federal district court in Illinois, in a ruling by Judge Martha Pacold, held the CFTC oversees Kalshi prediction markets under the Commodity Exchange Act and blocked the state from applying its gambling regulations. The decision favors federal authority but leaves the national dispute open, with possible Supreme Court review and ongoing state challenges. (SCCG Management)
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