Scott Melker highlights the regulatory turf war between the federal government and state authorities over prediction markets, focusing on the CFTC invoking emergency powers to keep Kalshi operating despite a massive lawsuit from New York.

The Daily Wolf with Scott Melker” airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.

Make sure to also check out Yahoo Finance’s new crypto hub to find the latest crypto-related news.