The Commodity Futures Trading Commission (CFTC) filed a lawsuit against Kentucky on Tuesday in a bid to block the Republican state from trying to tax and restrict prediction markets via a new state law.
In a press release announcing its latest legal action against a state, the federal agency cited Kentucky’s civil enforcement actions. The CFTC aims to prevent the state from implementing measures that would impact prediction markets. The lawsuit is part of the ongoing efforts to regulate and oversee such markets at the federal level.
