DOJ and CFTC back Kalshi against Arkansas in prediction market turf war
AI summary
The U.S. Department of Justice and the CFTC have backed Kalshi in its fight with Arkansas, arguing federal law gives the CFTC exclusive authority over the exchange's event contracts. They asked a judge to stop Arkansas from enforcing state law against Kalshi. A federal win would strengthen the legal footing for prediction markets, a category crypto traders watch closely for regulatory precedent.
Narrative history
-
1H AGOYou’re reading thisDOJ and CFTC back Kalshi against Arkansas in prediction market turf warUnchained · Score 72
-
2H AGOCFTC · Score 70 · via sues Arkansas, Arkansas
-
8H AGOThe Block · Score 55 · via Arkansas, DOJ CFTC
-
22H AGOCrypto Briefing · Score 65 · via AG sues, sues Kalshi
-
5 NOV · 22:15Bitcoin.com News · Score 55 · via Arkansas, Arkansas sues
-
5 NOV · 16:00Unchained · Score 55 · via Arkansas, sues Kalshi
-
5 NOV · 09:55crypto.news · Score 55 · via Arkansas, sues
-
5 NOV · 05:28CoinDesk · Score 55 · via Arkansas, illegal
-
29 OCT · 20:50The Defiant · Score 55 · via Utah, block Utah
-
27 OCT · 21:25Bitcoin.com News · Score 72 · via Utah, CFTC Sues
-
27 OCT · 19:07CoinDesk · Score 55 · via CFTC sues, Utah
-
27 OCT · 12:58CFTC · Score 55 · via CFTC sues, sues
-
20 OCT · 21:19Cointelegraph · Score 45 · via Utah, Utah sues
-
20 OCT · 19:12The Block · Score 55 · via gambling, sues Kalshi
-
20 OCT · 17:10Crypto Briefing · Score 55 · via illegal, sues Kalshi
-
20 OCT · 17:07The Defiant · Score 55 · via Illegal, Sues Kalshi
