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BlockBeats News, June 24th, the Cardano ecosystem project SecondFi stated on social media that the team has identified the root cause of the recent security incident. The issue originated from their o

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World Cup Predictions: 100,000 USDT DailyHTX Invites You to Share 600K USDT in Gift PacksBTC Prophet: 20-Day 380 Million HTX ChallengeCFTC sues Kentucky after state’s prediction market lawsuits The Co

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CFTC sues Kentucky after state’s prediction market lawsuits

The Commodity Futures Trading Commission has sued Kentucky, now the ninth state the regulator is battling in its fight over prediction markets.The US Commodity Futures Trading Commission filed a lawsuit against Kentucky on Tuesday after the state sued prediction market operators last week, accusing them of operating unlicensed and illegal gambling platforms.

The lawsuit, filed in federal court, seeks to block Kentucky’s legal action against five prediction markets filed on Wednesday last week, calling for declaratory and injunctive relief. It names Kentucky Governor Andrew Beshear, Attorney General Russell Coleman and the Kentucky Horse Racing and Gaming Corporation, among others.

“Kentucky is the latest state attempting to shut down federally-regulated event contracts,” CFTC Chair Mike Selig said in a statement. “As I’ve consistently pledged, the CFTC is firmly committed to maintaining its exclusive jurisdiction over prediction markets, and today’s lawsuit against Kentucky is yet another example of the Commission protecting its federal interests.”

The CFTC has been ramping up its effort to maintain authority over prediction markets since Selig was appointed as chair in December. Kentucky is now the ninth state that the CFTC has sued over state authorities taking action against prediction markets.

CFTC sues Kentucky after state’s prediction market

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$LUNC MARKET STRUCTURE ANALYSIS: ACCUMULATION PHASE IDENTIFIED ⚡ $LUNC is currently exhibiting a prolonged accumulation pattern following a significant volatility contraction. The price action suggest

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On June 24, the dollar hit its highest level since November of last year on Tuesday, as traders solidified their views on the Federal Reserve raising interest rates this year. The Fed's policy outlook

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CYBER chatter is muted and cautious: community sentiment is neutral but concerned, watching support levels amid volatility and hoping for a rebound. With no verified updates from May 23–Jun 23, talk c

$KAIA volume moved. price didn't follow yet. activity picked up but didn't sustain at the same level, with $KAIA volume reaching $1.0M, which is relatively high compared to recent sessions. the price of is currently at $0.0363, down by -2.9%, which seems to be a moderate move considering the volume. buyers still appear to be present near current levels, as the volume stayed elevated after the initial move, which may indicate some level of interest in . the reaction to the recent price move of looks smaller than what might be expected given the volume, which could be worth monitoring. tracking $KAIA.

$KAIA volume moved. price didn't follow yet. activity picked up but didn't sustain at the same level, with $KAIA volume reaching $1.0M, which is relatively high compared to recent sessions. the price of is currently at $0.0363, down by -2.9%, which seems to be a moderate move considering the volume. buyers still appear to be present near current levels, as the volume stayed elevated after the initial move, which may indicate some level of interest in . the reaction to the recent price move of looks smaller than what might be expected given the volume, which could be worth monitoring. tracking $KAIA.

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