CFTC sues Kentucky over Kalshi and Polymarket crackdown, breaking the blue-state-only pattern

The Commodity Futures Trading Commission (CFTC) filed a one-count complaint against Kentucky on Tuesday, June 23, to block the state’s enforcement actions against Kalshi and Polymarket. The lawsuit names the Commonwealth of Kentucky, Governor Andy Beshear, Attorney General Russell Coleman, Department of Revenue Commissioner Thomas Miller, and the Kentucky Racing and Gaming Corporation as defendants....