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CFTC backs prediction market Kalshi in appeals court fight against Ohio

By Cointelegraph by Jesse Coghlanโ€ขCointelegraph

Kalshi has been backed up by the Commodity Futures Trading Commission in its court fight with Ohio, with the agency asking an appeals court to affirm its jurisdiction over prediction markets.

The US Commodity Futures Trading Commission has backed Kalshi in the companys legal fight against the state of Ohio, asking an appeals court to affirm that the regulator has jurisdiction over predictโ€ฆ