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Wednesday, October 28, 2026Updated 01:52 UTC

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CFTC Sues Utah, Warns Kalshi Crackdown Threatens Federal Oversight

Source: Bitcoin News · Oct 27, 2026 21:25 UTC

U.S. Supreme Court Building in Washington, D.C., in black and white — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

The federal government has hauled Utah into court over prediction markets, challenging a state gambling crackdown that targets Kalshi and potentially $61.2 million in trading fees. The showdown pits Washington’s derivatives regulator against one of America’s strictest gambling prohibitions. CFTC Challenges Utah’s Gambling Crackdown On Tuesday, the Commodity Futures Trading Commission (CFTC) and th

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