CFTC sues Arkansas to defend federal jurisdiction over prediction markets
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Arkansas is pursuing a civil enforcement action against Kalshi, a CFTC-designated contract market, in state court, seeking to halt event contract trading and potentially impose civil penalties of up to hundreds of millions of dollars on a CFTC-registered exchange. On November 13, 2026, the CFTC announced that it had sued Arkansas, seeking to block the state from taking the measures described above. The CFTC said the relevant state-level measures are preempted by federal law and stated that it would defend its jurisdiction over federally regulated markets. Arkansas is the 11th state the CFTC has sued to protect federal sovereign interests.
AI-written from reports · updated 2 hours ago
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- CFTC — Press releasesCFTC sues Arkansas to defend federal jurisdiction over prediction markets
CFTC sued Arkansas, seeking to block the state from halting event contract trading and imposing civil penalties of up to hundreds of millions of dollars on CFTC-registered exchanges. Arkansas is pursuing civil enforcement action in state court against Kalshi, a CFTC-designated contract market; CFTC says the state-level measures are preempted by federal law and says it will defend its jurisdiction over federally regulated markets. Arkansas is the 11th state sued by CFTC to protect federal sovereign interests.
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