CFTC Sues Kentucky Over Prediction Market Jurisdiction Dispute
JH Kim
Summary
- The US Commodity Futures Trading Commission (CFTC) has sued Kentucky in a dispute over regulatory authority for prediction markets.
- The CFTC said it filed suit against Kentucky over jurisdiction involving prediction market platforms.
- Kentucky has become the ninth state targeted by the CFTC in the broader dispute over prediction market regulation.
The US Commodity Futures Trading Commission has sued Kentucky in a dispute over regulatory authority for prediction markets.
Crypto media outlet The Block reported on June 23 that the CFTC filed suit against Kentucky over jurisdiction involving prediction market platforms.
Kentucky sued prediction market platforms Kalshi and Polymarket last week, alleging they offered unlicensed sports betting services.
The lawsuit makes Kentucky the ninth state targeted by the CFTC in the broader fight over prediction market regulation.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
