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CFTC sues Rhode Island over prediction market intervention
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CFTC sues Rhode Island over prediction market intervention

The Commodity Futures Trading Commission (CFTC) is responding with a lawsuit to legal action levied against two prediction markets by Rhode Island’s attorney general.

The Commodity Futures Trading Commission (CFTC) is responding with a lawsuit to legal action levied against two prediction markets by Rhode Island’s attorney general.

On Thursday, the CFTC filed a motion to intervene in the legal proceedings between Rhode Island Attorney General Peter F. Neronha and two prediction markets, Kalshi and Polymarket. The CFTC aims to ensure compliance with federal laws governing prediction markets and protect market participants.

By Editorial profile image Editorial
Updated on
Regulation Commodity Futures Trading Commission Rhode Island Kalshi Polymarket