CFTC Sues Kentucky Over Prediction Market Oversight

The CFTC sued Kentucky after the state took legal action against Kalshi, Polymarket and others last week. The CFTC said Kentucky is the ninth state it has sued over prediction market oversight. The complaint also challenged a Kentucky bill that requires prediction markets to pay a 14.25% tax on transaction fees.
KALSHI-6.90%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned