The Commodity Futures Trading Commission (CFTC) announced on Tuesday that it has filed a lawsuit against the state of Utah to stop the state’s efforts to shut down CFTC-registered contract markets. The lawsuit follows a lengthy battle the state has been fighting against prediction markets. In August, a federal judge in Utah ruled that the…

Prediction market platform Kalshi is expanding protections for young traders aged 18-20, which includes a new default monthly deposit limit.   Accounts in the age range will default to a $2,500 monthly deposit limit, Kalshi announced in a press release Tuesday. They will be automatically placed into “special accounts” that will have extra protections and…