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Illinois federal court affirms CFTC authority over Kalshi and blocks state gambling rules, SCCG Management reports
- Illinois federal court affirms CFTC authority over Kalshi and blocks state gambling rules, SCCG Management reports — SCCG Management reported that a federal district court in Illinois blocked the state from applying its gambling regulations to Kalshi, with Judge Martha Pacold determining that the Commodity Futures Trading Commission holds oversight under the Commodity Exchange Act. The decision favors federal authority but leaves the national dispute open, with possible Supreme Court review. (SCCG Management)
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