Clash Between Prediction Markets and States Sets Off a Furious Political Battle — Live Feedhttps://www.live-feeds.com/feed/clash-between-prediction-markets-and-states-sets-off-a-furious-political-battleContinuously updated, source-cited coverage. Regulatory and Political Conflict Escalates Over Prediction Marketshttps://www.live-feeds.com/feed/clash-between-prediction-markets-and-states-sets-off-a-furious-political-battlehttps://www.live-feeds.com/feed/clash-between-prediction-markets-and-states-sets-off-a-furious-political-battle#u50835Fri, 28 Aug 2026 11:00:19 +0000Prediction markets have triggered a political and regulatory battle involving the Commodity Futures Trading Commission (CFTC), state governments, and Congress. The CFTC's Innovation Advisory Committee is currently evaluating risks associated with these platforms. Legal disputes have emerged as Kentucky and the CFTC seek early victories in the clash over oversight. Meanwhile, CME CEO Terrence Duffy has publicly disagreed with Kalshi's COO and CFTC official Selig regarding how these markets should be governed, while members of Congress address existing ethics and regulatory gaps.Why it