The CFTC is suing Rhode Island to stop the state from cracking down on prediction markets

The federal agency argues it holds exclusive jurisdiction over platforms like Kalshi and Polymarket, making Rhode Island the seventh state it has sued

Bloomberg / Getty Images

The Commodity Futures Trading Commission moved to intervene in a federal lawsuit on Thursday to block Rhode Island from applying state gambling laws against federally registered prediction market platforms, making it the seventh state the agency has sued in an ongoing jurisdictional dispute.

Last week, Rhode Island Attorney General Peter Neronha brought suit against Kalshi and Polymarket, contending that the two platforms had run afoul of the state's........

© Quartz