CFTC tells prediction markets not to block users by state, clashing with courts
AI summary
The Commodity Futures Trading Commission told regulated prediction-market exchanges they cannot cut off customers on a state-by-state basis, putting it at odds with court orders binding firms like Kalshi. The clash between the federal regulator and the courts creates legal uncertainty over how these markets operate in states that object to them. Traders in prediction markets and related crypto-adjacent venues face unclear rules on access and enforcement until the conflict is resolved.
