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Senators Move to Prevent CFTC from Using Federal Funds in Prediction
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Senators Move to Prevent CFTC from Using Federal Funds in Prediction

A group of 17 Democratic Party Senators, including Richard Blumenthal, seeks to prevent the CFTC from using federal funds in prediction market legal disputes.

A group of 17 Democratic Party Senators, including Richard Blumenthal, seeks to prevent the CFTC from using federal funds in prediction market legal disputes.

Scores of states have attempted to enforce their gambling laws on operators such as Kalshi and Polymarket. The Senators are aiming to halt the CFTC's use of federal resources in lawsuits related to prediction markets.

By Editorial profile image Editorial
Updated on
Regulation Democratic Party Senators Commodity Futures Trading Commission Kalshi Polymarket