Feds jump in after battle over prediction market regulation hits Rhode Island

By: Christopher Shea

Outlets: Rhode Island Current

Published: May 28, 2026

Words: 726

Last Updated: 1 month, 4 weeks ago

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Add the federal agency overseeing prediction markets to the list of antagonists seeking to supersede the state of Rhode Island’s authority to regulate online platforms that allow wagering on everything from politics to sports.

The Commodity Futures Trading Commission (CFTC) on Thursday moved to intervene in the federal lawsuit Kalshi filed against Rhode Island last week. The five-member commission, appointed by the president to oversee futures trading and financial technology, argues the …

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