Feds sue 3 states for trying to bring Kalshi and Polymarket under more control
Corroborated by 10 sources from 10 publishers
TL;DR
Multiple sources report that the federal government on Thursday sued Connecticut, Arizona and Illinois, challenging their efforts to regulate prediction market operators such as Kalshi and Polymarket.
Sources
1
Bloomberg Politics
https://www.bloomberg.com/news/articles/2026-04-02/cftc-sues-illinois-over-state-effort-to-limit-prediction-markets
2
CNBC
https://www.cnbc.com/2026/04/02/prediction-market-lawsuit-regulation-arizona-coonecticut-illinois.html
3
Yahoo Finance News
https://finance.yahoo.com/markets/options/articles/us-sues-arizona-connecticut-illinois-183605991.html
4
The Hill Technology
https://thehill.com/policy/technology/5813538-cftc-sues-state-gambling-laws
5
Engadget
https://www.engadget.com/big-tech/cftc-sues-three-states-for-trying-to-regulate-prediction-markets-190152226.html?src=rss
6
NPR
https://www.npr.org/2026/04/02/nx-s1-5771635/trump-cftc-kalshi-polymarket-lawsuits
7
The Hill Home News
https://thehill.com/newsletters/technology/5814148-federal-regulator-faces-off-against-states-over-prediction-market-rules
8
Associated Press
https://apnews.com/article/prediction-markets-kalshi-polymarket-lawsuits-bf02dafc40758887b03b4e9fc8aac104
9
ABC News Money Headlines
https://abcnews.com/Business/wireStory/federal-government-sues-states-regulation-prediction-markets-131670628
10
ABC News U.S. Headlines
https://abcnews.com/US/wireStory/federal-government-sues-states-regulation-prediction-markets-131670626
11
NBCSports.com
https://www.nbcsports.com/nfl/profootballtalk/rumor-mill/news/cftc-sues-three-states-over-efforts-to-regulate-prediction-markets
12
Fortune
https://fortune.com/2026/04/04/feds-sue-3-states-for-trying-to-bring-kalshi-and-polymarket-under-more-control