New polls show 48% of Republicans and 45% of Democrats prefer CFTC oversight of prediction markets as the agency battles states over jurisdiction.

The CFTC has been locked in a tug-of-war with states over who has the ultimate authority over event contracts.

New polls show 48% of Republicans and 45% of Democrats prefer CFTC oversight of prediction markets as the agency battles states over jurisdiction.

The Commodity Futures Trading Commission has sued nine states to block them from regulating prediction markets such as Kalshi and Polymarket.