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United States and CFTC sue Utah seeking to halt its gambling case against Kalshi, as OG.com files its own suit

The United States and the CFTC have asked the federal court in Utah to declare the state's gambling, election-betting and public nuisance laws preempted as applied to CFTC-regulated exchanges, and to bar the state from investigating them. The suit follows Utah's 20 October case against Kalshi and two Susquehanna firms. OG.com filed a separate complaint the same day.

6 min read