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CFTC Sues Kentucky Over Prediction Markets Regulation

Updated 2026-06-23 21:10 UTC 1 source Negative

The Commodity Futures Trading Commission (CFTC) has sued the state of Kentucky over its actions against prediction markets, making it the first red state to face federal scrutiny. The CFTC is now suing nine states in total.

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CNBC

CFTC sues Kentucky over actions against prediction markets, making it first red state to face federal scrutiny

The commission has now sued nine states in total in its battle to defend what it sees as its exclusive right to regulate event contracts.

2026-06-23 20:55 UTC