Source: Popular Information
by Rebecca Crosby
“In an unprecedented move, the Commodity Futures Trading Commission (CFTC) announced that it had filed lawsuits against several states to block their efforts to rein in prediction markets. Arizona, Connecticut, and Illinois have variously sought to prevent Kalshi, Polymarket, Crypto.com, and Robinhood from running what they claim are ‘unlicensed gambling sites that circumvent state laws.’ Several of these companies are business partners of President Trump and his family members.” (04/09/26)