NewsWorld
CFTC Sues Arkansas: Jurisdictional Dispute Over Prediction Markets
The CFTC filed a lawsuit on Friday to block Arkansas's attempts to halt event contract trading. Arkansas, meanwhile, has filed a civil enforcement action against Kalshi in state court.
The Commodity Futures Trading Commission (CFTC) filed a lawsuit against Arkansas on Friday. The suit aims to block the state's attempts to halt event contract trading and to stop the imposition of civil penalties reaching hundreds of millions of dollars on CFTC-registered exchanges.
Arkansas has filed a civil enforcement action in state court against Kalshi, a contract market designated by the CFTC.
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