According to The Block, the U.S. Commodity Futures Trading Commission has filed a lawsuit against the state of Utah, marking an escalation in its ongoing legal confrontation with states over regulation of prediction markets.
The timing follows Utah’s earlier filing of a lawsuit against Kalshi, a prediction market platform. The CFTC’s suit comes after that action was taken by Utah.
The development reflects continued tension between federal oversight and state actions in the area of prediction market regulation. No details about the specific claims in the CFTC’s lawsuit were provided; only the filing of the suit and Utah’s prior lawsuit against Kalshi are confirmed.
