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US government and CFTC sue Utah to block state enforcement against federally regulated event contracts, Global Gaming Insider reports
- US government and CFTC sue Utah to block state enforcement against federally regulated event contracts, Global Gaming Insider reports — The United States and the CFTC sued Utah and Attorney General Derek Brown in federal court on October 26, seeking declarations and injunctions to stop state gambling enforcement against event contracts traded on CFTC-regulated designated contract markets. The complaint, filed after Utah's October 20 action against Kalshi-related companies, argues the Commodity Exchange Act gives the CFTC exclusive authority and invokes the Supremacy Clause. (Global Gaming Insider)
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