CFTC Sues Utah to Shield Kalshi as Prediction-Market Fight Reaches 10th State
- —Complaint filed in the U.S. District Court of Utah on 27 October 2026
- —CFTC seeks injunction barring Utah from enforcing gambling laws against regulated exchanges
- —Utah sued Kalshi on 20 October, calling its event contracts illegal gambling
- —CFTC has previously sued Arizona, New York, Illinois and six other states
Why it matters: The ruling will decide whether states can ban prediction markets, directly affecting Kalshi and crypto platforms such as Polymarket.
Source: Coinpaprika News
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