CFTC Sues Kentucky to Shield Kalshi and Polymarket
The CFTC sued Kentucky on June 23, its 9th suit against a state over prediction markets since April. Kentucky is the first Republican-AG state the CFTC has sued; AG Coleman sued Kalshi and Polymarket on June 17. The suit also challenges Kentucky’s 14.25% tax on prediction-market fees, the first such state levy in the US….