Trump admin sues Utah to save Kalshi from the state's total ban on gambling
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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