CFTC sues Utah over Kalshi prediction markets, probes Polymarket as bitcoin holds $80.7K
- —CFTC asks a federal court to block Utah's curbs on Kalshi prediction markets
- —CFTC is reviewing Polymarket's compliance with its 2022 settlement
- —Bitcoin +1.06% to $80,712.99; ether +1.38% to $2,346.08
- —Derivatives volume fell 20.14% to $57.63B; liquidations $79.8M, 66.93% shorts
Why it matters: The outcome will define where US regulators draw the line between prediction markets and crypto.
Source: TokenPost