🪙 Cryptocurrency 13h ago · Coin Edition

CFTC Sues New York to Block Gambling Laws on Prediction Platforms

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The CFTC filed suit in federal court in New York to stop the state from applying gambling laws to CFTC-registered contract markets. 



The agency is seeking both a declaratory judgment on federal preemption and a permanent injunction against state enforcement.



Chairman Michael Selig said the agency is defending its sole regulatory jurisdiction over prediction markets




The Commodity Futures Trading Commission has opened a new front in its fight over prediction markets, filing suit against

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