CFTC sues Kentucky over prediction market lawsuits 

The Trump administration sued Kentucky on Tuesday over the state’s recent push to rein in prediction markets.

The Commodity Futures Trading Commission (CFTC), which argues it has exclusive jurisdiction over the platforms, brought the case after Kentucky Attorney General Russell Coleman (R) sued Kalshi and Polymarket last week.

“Kentucky is the latest state attempting to shut down federally-regulated event contracts,” CFTC Chair Michael Selig said in a statement. “Prediction markets provide Kentuckians with valuable information about the likelihood of future events and offer risk management products relied on by Kentucky businesses and individuals.”

“As I’ve consistently pledged, the CFTC is firmly committed to maintaining its exclusive jurisdiction over prediction markets, and today’s lawsuit against Kentucky is yet another example of the Commission protecting its federal........

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