Trump administration sues three states over attempts to regulate prediction markets - NPR

TL;DR

CFTC Sues States Over Prediction Markets in ‘Unprecedented’ Move Federal regulator sues 3 states over prediction market restrictions The federal government wants sole authority over prediction markets. The US Commodity Futures Trading Commission is suing Illinois, Arizona and Connecticut for attempting to outlaw or regulate prediction markets like Kalshi and Polymarket. The CFTC believes it has sole jurisdiction to regulate these platforms, and that states attempting to classify them as illegal gambling are overstepping their authority.