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Federal Government Sues States Over Online Gambling Regulations

4/7/2026

31 4 Full Breakdown

Summary

Story summary

The federal government sued Connecticut, Arizona, and Illinois on April 4, 2026, over Kalshi and Polymarket.
The states had issued cease and desist orders alleging Kalshi and Polymarket engaged in illegal online gambling.
The Commodity Futures Trading Commission asserts it regulates these markets, not the states.
CFTC Chair Michael S. Selig urged a unified regulatory approach to prevent fraud.

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Story summary

The federal government sued Connecticut, Arizona, and Illinois on April 4, 2026, over Kalshi and Polymarket.
The states had issued cease and desist orders alleging Kalshi and Polymarket engaged in illegal online gambling.
The Commodity Futures Trading Commission asserts it regulates these markets, not the states.
CFTC Chair Michael S. Selig urged a unified regulatory approach to prevent fraud.