News
CFTC Orders Exchanges to Lift State-Level Geoblocks for Prediction Markets
The Commodity Futures Trading Commission (CFTC) has ordered federally regulated prediction markets to lift state-level geoblocks within 30 days. The guidance came a day after a federal judge ordered Kalshi to block sports contracts on the lands of California tribes that sued it. The CFTC stated that DCMs must cease domestic geographic restrictions that violate the Impartial Access Requirements within 30 days, or explain why compliance is not feasible. The order aims to ensure uniform access to derivatives markets across the United States, preventing fragmentation and ensuring fair access for all eligible traders.