#CFTC

All articles tagged with "CFTC"

An advertisement at a bus stop says, "Kalshi rule #2: We don't do death markets," and that "Kalshi is a federally regulated US exchange."

Minnesota’s Prediction Market Ban Triggers Federal Lawsuit Before It Takes Effect

Minnesota has enacted what appears to be the first outright state ban on prediction markets, and the CFTC has already sued to block it, arguing federal law gives the agency exclusive authority over the markets.

Key Takeaways

Minnesota enacted a law making prediction market creation, operation or advertising a felony.
The CFTC sued to block the law before its August 1 effective date.

DT Editorial Team·May 21, 2026·via arstechnica.com

Court Order Temporarily Halts Arizona’s Criminal Case Against Kalshi

A temporary restraining order has paused Arizona’s criminal case against prediction market company Kalshi, escalating a broader fight over whether states can prosecute firms that say they operate under federal oversight.

Key Takeaways

A temporary restraining order has stopped Arizona from pursuing its criminal case against Kalshi for now.
The CFTC says the dispute is about states using criminal law against a company it views as operating under federal law.

DT Editorial Team·Apr 12, 2026·via techcrunch.com

Federal Appeals Court Shields Sports Prediction Markets From New Jersey Gambling Law

A U.S. appeals court has ruled that Kalshi's sports-related event contracts fall under federal commodities oversight, limiting states' ability to treat them like ordinary sports betting.

Key Takeaways

The 3rd Circuit upheld an injunction blocking New Jersey from enforcing state gambling law against Kalshi.
The majority said Kalshi's sports-related event contracts are swaps traded on a CFTC-licensed market.

DT Editorial Team·Apr 7, 2026·via arstechnica.com