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Illinois federal court affirms CFTC authority over Kalshi, blocking state gambling rules, SCCG Management reports
- Illinois federal court affirms CFTC authority over Kalshi, blocking state gambling rules, SCCG Management reports — 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 of the platform's event contracts under the Commodity Exchange Act. The decision favors federal authority but leaves the larger national dispute open, with possible Supreme Court review and ongoing state challenges. (SCCG Management)
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