CFTC Sues Utah, Warns Kalshi Crackdown Threatens Federal Oversight
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 the United […]
Key Takeaways
- 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 the United […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Ripple and C2FO Tap XRP Ledger to Turn Payment Delays Into Seconds
Ripple and C2FO are bringing invoice financing and settlement to the XRP Ledger, using Ripple’s dollar-backed stablecoin, RLUSD. The initiative targets bank transfer delays that leave suppliers waiting days for approved early payments. XRP Ledger Targets…
Strive Adds 6,182 Bitcoin as Holdings Reach 43,000 BTC
Strive disclosed in an October 26 filing with the US Securities and Exchange Commission that it had bought 6,182 bitcoin between October 17 and October.
Treasury's Bessent sees crypto as America's next tool for keeping the U.S. dollar on top
Speaking at Ripple's conference, the U.S. Treasury Secretary said the SEC and CFTC action could help fill the gap left by the Clarity Act's failure, while curbing crypto debanking.