Senate Democrats Urge CFTC to Withdraw from State Prediction Market Lawsuits

Senate Democrats are urging the U.S. Commodity Futures Trading Commission to withdraw from court disputes over prediction markets after the CFTC filed an amicus brief supporting prediction platforms in state-level lawsuits. Lawmakers said state authorities should retain primary responsibility for enforcing gambling statutes. Polymarket and Kalshi are fighting legal battles with state regulators in court.