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Emma Roth
The CFTC is suing three states for trying to regulate prediction markets.

Lawsuits against Arizona, Connecticut, and Illinois accuse the states of violating the CFTC’s “exclusive regulatory authority” over prediction betting markets operated by companies like Kalshi and Polymarket. The CFTC claims the three states have attempted to “outlaw, regulate, or otherwise restrain” prediction betting as concerns grow over potential insider trading.

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