CFTC demands prediction markets stay open nationwide, clashing with state court orders

The U.S. Commodity Futures Trading Commission has stated that regulated exchanges may not restrict customers on a state-by-state basis. The position directly conflicts with court orders that require companies such as Kalshi to block access in certain states. The article describes the tension between the federal regulator's demand and the judicial rulings the firms are currently bound to follow. It highlights the unresolved question of which authority governs prediction market access across the country.