On November 12, the U.S. Department of Justice and the Commodity Futures Trading Commission (CFTC) filed a lawsuit against Arkansas Attorney General Tim Griffin, seeking to block the state's enforcement action against the prediction market platform Kalshi and to prevent similar actions against CFTC-regulated prediction market platforms in the future. The two federal agencies argue that the Commodity Exchange Act grants the CFTC exclusive regulatory authority over commodity futures, options, and swaps traded on regulated platforms, and that the event contracts targeted by Arkansas fall under the definition of swaps under the Act, thus violating federal regulatory authority. Previously, Griffin sued Kalshi on November 4, accusing it of operating an illegal gambling platform. The Department of Justice and the CFTC have requested preliminary and permanent injunctions from the court. (The Block) https://wublock123.com)/news/doj-cftc-sue-arkansas-to-block-enforcement-against-kalshi-71906