Senators Richard Blumenthal and Senator Jeff Merkley sent a letter to the Senate Appropriations Subcommittee on Financial Services and General Government this week to address the CFTC’s legal battles involving prediction markets.

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

Senators Richard Blumenthal and Senator Jeff Merkley sent a letter to the Senate Appropriations Subcommittee on Financial Services and General Government this week to address the…