{"id":6510,"date":"2026-02-10T10:52:51","date_gmt":"2026-02-10T10:52:51","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6510"},"modified":"2026-02-10T10:52:51","modified_gmt":"2026-02-10T10:52:51","slug":"polymarket-makes-move-against-massachusetts-says-states-cant-override-federal-oversight","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6510","title":{"rendered":"Polymarket Makes Move Against Massachusetts, Says States Can\u2019t Override Federal Oversight"},"content":{"rendered":"<p><\/p>\n<div>\n<div id=\"blockquote-block_c0c89b2a065db3ecaead376434b798c0\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Polymarket filed a federal lawsuit against Massachusetts, arguing the CFTC has exclusive authority over event contracts and that state interference would cause \u201cirreparable harm\u201d to national markets.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The legal strike follows a Massachusetts judge\u2019s recent order forcing rival platform Kalshi to geofence state residents after its sports contracts were labeled \u201cunlicensed gambling.\u201d<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">As similar battles unfold in Nevada and Tennessee, the case will determine if prediction markets operate under a single federal framework or a patchwork of state-level gambling laws.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Prediction market giant Polymarket has officially filed a federal lawsuit against Massachusetts Attorney General Andrea Joy Campbell and state gaming regulators.<\/p>\n<p>The suit argues the state cannot move to shut down the platform because Congress gave the Commodity Futures Trading Commission (CFTC) exclusive authority over federally regulated \u201cevent contracts\u201d.<\/p>\n<p>As Crypto News Australia reported, Polymarket received CFTC approval in late 2025 to offer regulated, intermediated trading in the US, after a settlement that included a US$1.4 million (AU$2.14 million) penalty tied to earlier unregistered activity.<\/p>\n<p><strong>Related: Prediction Market Kalshi Hit With Class Action Alleging Illegal Sports Betting and Rigged Market-Making<\/strong><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-polymarket-s-legal-struggles-in-massachusetts\">Polymarket\u2019s Legal Struggles in Massachusetts<\/h2>\n<p>Neal Kumar, Polymarket\u2019s chief legal officer, said on Monday the dispute concerns national markets and open legal questions that should be decided in federal court, not through state enforcement actions, and that Massachusetts law enforcement would cause \u201cirreparable harm\u201d by fragmenting a national market and disrupting operations.\u00a0<\/p>\n<p>Kumar also pointed to similar actions in Nevada, where both Kalshi and Polymarket are facing state challenges as the court rejected federal preemption arguments and ordered geoblocking or shutdowns.\u00a0<\/p>\n<p>The CFTC is also reassessing how active it should be in these disputes, with Chair Michael Selig signaling possible support through amicus briefs or intervention as the issue moves through higher courts.<\/p>\n<p>A few days ago, a state judge ruled Kalshi\u2019s sports event contracts require a state gambling license, denied a request to pause the ruling, and set a 30-day period for the platform to geofence users in Massachusetts while it appeals.\u00a0<\/p>\n<p>Kalshi argues its CFTC-regulated event contracts are derivatives, not gambling, and says it will continue to fight the ruling. Sports contracts are now the largest share of Kalshi\u2019s volume, making the restrictions material.<\/p>\n<p><strong>Read more: Bitcoin Slump Hits Saylor\u2019s Strategy at the Worst Possible Moment<\/strong><\/p>\n<\/p><\/div>\n<p>Law,Polymarket#Polymarket #Move #Massachusetts #States #Override #Federal #Oversight1770720771<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polymarket filed a federal lawsuit against Massachusetts, arguing the CFTC has exclusive authority over event contracts and that state interference would cause \u201cirreparable harm\u201d to national markets. The legal strike follows a Massachusetts judge\u2019s recent order forcing rival platform Kalshi to geofence state residents after its sports contracts were labeled \u201cunlicensed gambling.\u201d As similar battles<\/p>\n","protected":false},"author":1,"featured_media":6511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1646,1578,302,2371,1738,792,751],"class_list":{"0":"post-6510","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-federal","9":"tag-massachusetts","10":"tag-move","11":"tag-override","12":"tag-oversight","13":"tag-polymarket","14":"tag-states"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Polymarket Makes Move Against Massachusetts, Says States Can\u2019t Override Federal Oversight - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6510\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polymarket Makes Move Against Massachusetts, Says States Can\u2019t Override Federal Oversight\" \/>\n<meta property=\"og:description\" content=\"Polymarket filed a federal lawsuit against Massachusetts, arguing the CFTC has exclusive authority over event contracts and that state interference would cause \u201cirreparable harm\u201d to national markets. 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