Regulation· ★★★★· bearish· October 20, 05:50

Missouri Orders Polymarket and Kalshi to Halt Sports Event Markets

—Letters went to Polymarket, Kalshi, Crypto.com, Novig, Underdog and Robinhood
—Platforms have 30 days to stop offering sports event contracts in Missouri
—State says it lost license fees and a 10% wagering tax
—CFTC maintains exclusive federal oversight of the contracts

Why it matters: The state-versus-CFTC fight over prediction markets is escalating and could restrict sports contracts across the US.

Source: Bitcoin.com

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