States Are Moving Fast to Fight Prediction Markets, and It Could Mean Game Over for Kalshi and Polymarket

Billions are at stake for the Kalshis of the world.

BY MELISSA ANGELL, SENIOR WRITER @MELISSKAWRITES

Commodity Futures Trading Commission chair Michael Selig. Illustration: Inc.; Photo: Getty Images

The latest battle between the states and the federal government is over prediction markets after the Trump administration came out in favor of them this week. 

Commodity Futures Trading Commission chairman Michael Selig on Tuesday asserted in a legal brief that the CFTC is........

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