CFTC and DOJ sue states over prediction markets clash with gambling laws
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Federal regulators have taken Arizona, Illinois, and Connecticut to court, opening a new front in the fight over so-called event contracts and who gets to regulate them. The Commodity Futures Trading Commission, joined by the United States, filed lawsuits in federal district courts seeking to stop those states from enforcing laws that would block these products.
Federal officials argue event contracts fall under their authority when they trade on registered exchanges. State regulators see som
Federal officials argue event contracts fall under their authority when they trade on registered exchanges. State regulators see som
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