The filings target the states’ recently enacted measures to tax certain prediction market contracts. The Commodity Futures Trading Commission (CFTC) sued Kentucky on Monday following the state’s recent enforcement actions against Kalshi and Polymarket. Separately, Kalshi filed suit against Illinois after lawmakers enacted a measure that taxes and regulates sports-event contracts. Both lawsuits argue that […] The post CFTC Sues Kentucky, Kalshi Challenges Illinois After States Move Against Prediction Markets appeared first on Gambling Insider.
Source: Gambling Insider →