Gate News message: On April 3, the U.S. Commodity Futures Trading Commission (CFTC) filed lawsuits against Arizona, Connecticut, and Illinois, with the aim of reaffirming its exclusive jurisdiction under the Commodity Exchange Act over event contracts and prediction markets. The CFTC alleges that the three states are attempting to ban, limit, or regulate registered designated contract markets (DCMs), including prediction market platforms such as Kalshi and Polymarket, through gambling laws or other state-level regulatory measures. The CFTC asks the federal court to declare the state actions invalid and to prohibit the states from interfering with prediction market activities that comply with federal regulations.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
