The US Commodity Futures Trading Commission (CFTC) is suing New York, Connecticut, Arizona and Illinois for applying state-level gambling laws to prediction markets.
The move follows a heated legal argument between states and companies like Kalshi, as they fight over who has jurisdiction to regulate the “prediction” platforms. Other states have issued cease-and-desist letters or sued the prediction markets.
Strategy bought over 56,000 Bitcoin. One of its last purchases in April was funded by a $250 million sale of the company’s common stock.
In France, prosecutors have charged 88 alleged “wrench attackers” accused of attempting to extort cryptocurrencies from investors through violence.
Here’s April by the numbers:
US federal government sues four states for legal action on prediction markets
On April 24, the CFTC sued the state of New York to stop it from applying state-level gambling laws to prediction markets like Kalshi and Polymarket.
New York joins Connecticut, Arizona and Illinois as states targeted in federal
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