CFTC Orders Kalshi and Polymarket to Provide Nationwide US Services

Key Facts

The Commodity Futures Trading Commission (CFTC) ordered Kalshi and Polymarket to provide their prediction market services across all US states. Reports indicated that the regulator has mandated that exchanges registered as designated contract markets (DCMs) must not block trading access for customers based on their specific state. The platforms are required to resume trading in suspended regions within 30 days or submit a formal explanation to the commission justifying why they cannot comply.

This regulatory mandate arrives despite existing court orders in certain jurisdictions that restrict such operations. Kalshi currently blocks access in several states, including Washington, Nevada, and Michigan, due to ongoing legal disputes. The CFTC asserts that registered exchanges should provide uniform access nationwide, a position that sets up a potential conflict between federal regulatory demands and state-level judicial restrictions.