🚨 BREAKING: The CFTC has ordered prediction markets to drop state geo-blocks within 30 days — or explain why they can't.
Exchanges like Kalshi and Polymarket must open access to traders in every US state, the regulator says, because blocking users by location breaks federal impartial-access rules. But courts in Michigan, Nevada and other states have ordered those very same blocks — putting the industry between a federal order and court injunctions, with a December 5 deadline looming.
#CFTC #Kalshi #Polymarket #PredictionMarkets #CryptoNews #Finance
Join the conversation on Zimbuck — the finance social platform for traders & investors: https://zimbuck.com
Exchanges like Kalshi and Polymarket must open access to traders in every US state, the regulator says, because blocking users by location breaks federal impartial-access rules. But courts in Michigan, Nevada and other states have ordered those very same blocks — putting the industry between a federal order and court injunctions, with a December 5 deadline looming.
#CFTC #Kalshi #Polymarket #PredictionMarkets #CryptoNews #Finance
Join the conversation on Zimbuck — the finance social platform for traders & investors: https://zimbuck.com
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