CFTC

WASHINGTON, DC - AUGUST 20: Emblem at the U.S. Commodity Futures Trading Commission in Washington, DC on August 20, 2017.

The Commodity Futures Trading Commission sued Arizona, Illinois, and Connecticut on Thursday, escalating the Trump administration’s defense of prediction markets and arguing that the federal agency has exclusive authority over contracts offered by platforms such as Kalshi.

The logo and the entrance to the Commodity Futures Trading Commission (CFTC). Three Lafayette Center, 1155 21st Street NW, Washington, DC 20581.

The U.S. Commodity Futures Trading Commission (CFTC) will prioritize enforcement against insider trading in prediction markets, manipulation in energy markets, spoofing, retail fraud, and willful violations of anti-money-laundering (AML) laws, the agency’s new enforcement director said Tuesday.