SiaPredict DailyOctober 29, 2026
Top line
The CFTC has sued Utah directly, while Kalshi, Polymarket and Nadex each filed new federal preemption suits against Missouri, Louisiana and Utah. The NBA named Kalshi and Polymarket preferred partners under a CFTC information-sharing memorandum. Operators are now litigating on several state fronts at once, and the federal agency has taken a side.
Today's top 5
- 1Regulatory
CFTC sues Utah to block state enforcement against CFTC-registered markets
The CFTC announced in Release No. 9315-26 (October 27) that it filed suit against Utah after the state brought civil enforcement actions in state court against CFTC-registered markets. The agency says it has now started proceedings against nine other states. For compliance teams, federal-state conflict on event contracts is now litigated by the regulator itself, not only by operators.
CFTC - 2Regulatory
Kalshi sues Missouri attorney general and Gaming Commission on Commodity Exchange Act preemption
KalshiEX filed in the Eastern District of Missouri on October 27 (No. 4:26-cv-01860), asserting a single Supremacy Clause preemption claim against AG Catherine Hanaway and the Missouri Gaming Commission. The suit follows Hanaway's September 16 cease-and-desist letter, and Kalshi says it will seek a preliminary injunction. Missouri is now defending parallel suits from several operators.
RG.org - 3Regulatory
Polymarket US sues Louisiana officials over gambling treatment of event contracts
QCX LLC, doing business as Polymarket US, sued the Louisiana attorney general and Gaming Control Board members in the Eastern District of Louisiana on October 27 (No. 2:26-cv-02482), alleging Commodity Exchange Act preemption and a Commerce Clause violation. The complaint targets the board's December 5, 2025 advisory notice. The pleaded licensing argument is that the state's licence structure is unworkable for a national exchange.
RG.org - 4Regulatory
Nadex (OG.com) sues Utah attorney general as state pursues Kalshi in court
North American Derivatives Exchange, which operates OG.com Prediction Markets, filed in the District of Utah on October 26 (No. 2:26-cv-01056) seeking relief on express, field and conflict preemption grounds. It cites Utah's October 20 state-court suit against Kalshi as evidence of the threat. Operators are suing pre-emptively rather than waiting for enforcement.
RG.org - 5Industry
NBA names Kalshi and Polymarket preferred prediction market partners, signs CFTC memorandum
The NBA announced on October 26 that both operators receive league IP rights and official Sportradar data, with players, league and team employees barred from trading NBA contracts. The league is also entering an information-sharing MOU with the CFTC, following similar agreements by the NHL and MLB. Financial terms were not disclosed.
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