The US markets regulator, the Commodity Futures Trading Commission (CFTC), has served a ninth state with legal papers as it looks to stop Kentucky’s efforts to regulate prediction markets.
The CFTC has taken legal action against Kentucky in an attempt to halt the state's moves to regulate prediction markets. This action follows Kentucky Attorney General Russell Coleman's recent lawsuits against Kalshi and Polymarket, alleging that they were running illegal sportsbooks and violating state laws.
Coleman's legal actions against the prediction market operators are part of the broader legal struggle between regulators and states over the regulation of such markets.
