States vs Federal Power in Prediction Markets | Reno News

Nevada’s Attorney General Aaron Ford is leading a defiant charge against federal regulators, sending a letter to the CFTC arguing that states—not the feds—should control prediction markets tied to sports. The move comes after Kalshi pulled out of Nevada, citing federal overreach. Ford and a coalition of state AGs claim the CFTC is overstepping constitutional boundaries and undermining decades of state authority over gambling, including sports betting. With the CFTC’s rulemaking still open for public comment, this is a clear warning shot: states are ready to fight back against what they see as federal power grab. The battle for regulatory control is now officially on. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c05cd3a1902f7817