The CFTC has filed a lawsuit against New York regarding its crackdown on prediction markets. This legal action comes as 38 state attorneys general express support for the Massachusetts-based prediction market, Kalshi.
The Commodity Futures Trading Commission (CFTC) is suing New York over its enforcement actions against prediction markets. The lawsuit is backed by 38 attorneys general who are supporting Kalshi, a prediction market based in Massachusetts, in its legal challenges.