CFTC Sues Kentucky To Shield Kalshi And Polymarket Event Contracts

The regulatory fight over prediction markets has moved into another federal courtroom, with the Commodity Futures Trading Commission suing Kentucky officials in a case that could shape how event contracts are treated across the United States.TL;DRThe CFTC has reportedly sued Kentucky regulators over enforcement actions tied to Kalshi and Polymarket.The agency is arguing that federally regulated event contracts should not be controlled by state gambling law.The case adds to a growing legal battle