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Kalshi and Polymarket US sue Missouri and Louisiana as CFTC takes Utah to court, ReadWrite reports
- Kalshi and Polymarket US sue Missouri and Louisiana as CFTC takes Utah to court, ReadWrite reports — Kalshi filed in Missouri challenging a cease-and-desist demand to pull its sports event contracts or obtain a state sports betting license, while Polymarket US, filing as QCX LLC, sued Louisiana's attorney general and Gaming Control Board. Both argue the Commodity Exchange Act overrides state gambling enforcement, the same preemption claim at issue in the CFTC's suit against Utah. (ReadWrite)
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