CFTC seeks exclusive jurisdiction over prediction markets in New York court
- —CFTC sought a preliminary injunction against New York authorities on September 14, 2026
- —Judge Schofield questioned the argument for exclusive federal jurisdiction
- —New York Attorney General James is suing Kalshi over event contracts
- —Arizona asks the Ninth Circuit to overturn an injunction against prosecuting Kalshi
Why it matters: The outcome of the dispute will determine whether states can regulate prediction markets, which is critical for Kalshi, Polymarket, and the entire US event-contracts industry.
Source: DeFi Rate