CFTC sues Kentucky after state’s prediction market lawsuits
CoinTelegraph·
60-second summary
The Commodity Futures Trading Commission is suing Kentucky, marking the ninth state in its ongoing battle over prediction markets. The regulator is seeking to block the state's prediction market lawsuits, which aim to restrict the use of prediction markets for sports and other events. This move highlights the CFTC's efforts to regulate these markets nationwide.
The Commodity Futures Trading Commission has sued Kentucky, now the ninth state the regulator is battling in its fight over prediction markets.