CFTC Tells Sixth Circuit It Has Exclusive Jurisdiction Over Prediction Markets

On May 12, 2026, the U.S. Commodity Futures Trading Commission said it filed an amicus brief in the U.S. Court of Appeals for the Sixth Circuit in litigation involving KalshiEx LLC. The agency argues Congress created a comprehensive federal derivatives framework under the CFTC that preempts state laws when applied to CFTC-regulated prediction markets.