CFTC Sues Kentucky to Shield Kalshi and Polymarket From State Gambling Crackdown

The CFTC sued Kentucky on June 23 to block state enforcement against Kalshi and Polymarket, making it the first Republican-led state in the federal prediction markets battle. The case turns on whether federal derivatives law shields sports-event betting from state gambling oversight.

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Covers CFTC Sues Kentucky to Prevent Violation of CFTC’s Exclusive Jurisdiction