U.S. agency hits Utah with lawsuit to shield Kalshi's ability to offer betting there

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No summary was published for this item.
This is the summary CoinDesk publishes in its feed. The full article lives on their site.
The US state filed a lawsuit against Kalshi last week, seeking to recover up to $60 million in profits related to event contracts on prediction markets.
The CFTC is escalating its legal fight with states, suing Utah after the state filed a lawsuit against prediction market platform Kalshi.
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The federal complaint targets Utah's case against Kalshi and Susquehanna, seeking to bar investigations as well as enforcement against federally regulated markets.