Kalshi and Polymarket US sue Missouri and Louisiana as CFTC takes Utah to court
Kalshi and Polymarket US filed federal suits against Missouri and Louisiana on the same day the CFTC sued Utah. The cases push the preemption fight into two states where licensed sportsbooks and casino partners stand to lose business to untaxed competitors. The post Kalshi and Polymarket US sue Missouri and Louisiana as CFTC takes Utah to court appeared first on ReadWrite .
On the same day that the CFTC filed a lawsuit against Utah, prediction market operators Kalshi and Polymarket US filed federal suits against Missouri and Louisiana. These legal battles center around the preemption fight between state gambling laws and federal commodities law, the Commodity Exchange Act. The suits target the states of Missouri and Louisiana, where licensed sportsbooks and casino partners could lose business to untaxed competitors.
Missouri and Louisiana may soon join Utah as states facing prediction market operators in federal court.
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