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Tag: Commodity Future Trading Commission

Feds Sue Utah Over Lawsuit Against Prediction Markets

Feds Sue Utah Over Lawsuit Against Prediction Markets

(Salt Lake City, UT) — The federal government is suing Utah after the state filed suit against prediction markets like Kalshi. Utah’s Attorney General Derek Brown believes prediction markets are an illegal form of gambling. But the federal government and the Commodity Futures Trading Commission disagree. This week, they filed […]

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Utah Gov. Spencer J. Cox speaks during a COVID-19 briefing at the Utah State Capitol in Salt Lake City on Friday, Jan. 8, 2021. Cox unveiled a plan Friday to ramp up Utah's COVID-19 vaccine distribution as the state sees a post-holiday surge in new cases. Cox, a Republican, said he will issue an executive order requiring facilities to allocate their doses the week they are received and have local health departments manage distribution, with an expectation of administering 50,000 doses a week. (Jeffrey D. Allred/Deseret News, via AP, Pool)

Utah Governor Slams Federal Regulator Over Prediction Markets

(Undated) — Utah Governor Spencer Cox is criticizing a top Trump administration regulator over efforts to block state regulation of prediction markets. Commodity Futures Trading Commission Chair Mike Selig announced yesterday the agency would challenge any state attempt to regulate the markets, saying oversight belongs solely to federal authorities. Cox […]

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