CFTC Tells Prediction Markets to Drop State Geoblocks Within 30 Days
The CFTC says federally regulated prediction markets generally cannot block traders based on their U.S. state and has given exchanges 30 days to lift such geoblocks or justify them. The guidance followed a federal court order requiring Kalshi to block sports contracts on certain lands. The move matters for crypto-adjacent prediction platforms and regulatory direction in the U.S.