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Morning Edition · Wednesday, October 28, 2026Published at 1:45 AM EDT · New York
CFTC Reopens Questions Over Polymarket's 2022 Settlement While Suing Utah to Protect Kalshi
Reuters reports that the regulator is examining whether Polymarket let Americans onto its offshore platform in breach of a $1.4 million settlement, as Polymarket launches five-minute crypto price markets in its US app.
The Commodity Futures Trading Commission (CFTC) is reviewing whether Polymarket complied with the US access restrictions in its 2022 settlement, under which it paid $1.4 million. crypto.news reports this, citing a Reuters account based on t…
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Part of a tracked trend
Prediction Markets Become a Federal-State Jurisdiction Fight
As event contracts grow, the CFTC and state gambling regulators will keep contesting who governs them. The likely result is repeated court rulings, state cease-and-desist actions and federal rulemaking that draw a recurring line between swaps and gambling. Prediction-market operators' addressable market and product scope will be set by how that line holds, not by demand.
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