The Commodity Futures Trading Commission (CFTC) announced that they would sue any state who tried to regulate prediction markets like Kalshi — even the Republican states. (The latter two, known primarily as cryptocurrency exchanges, have partnered with Kalshi and created a standalone prediction market called OG, respectively.) “These prediction markets you are breathlessly defending are gambling—pure and simple. The prediction markets issue hits a particular nerve in Utah: nearly half of the state is Mormon, and the Church of Jesus Christ of Latter-day Saints officially opposes all government-sanctioned forms of gambling, even state lotteries. And we’re back to Bannon: per The Bulwark , he and fellow MAGA political operative Boris Epshteyn are being sued for their own shady cryptocurrency operation.