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CFTC Sues States Over Prediction Markets in 'Unprecedented' Move
News April 03, 2026 at 10:52 AM
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What You Need To Know
- The commission is asserting federal authority over fast-growing prediction markets with lawsuits against Illinois, Connecticut and Arizona.
- “This unprecedented measure by the CFTC is necessary to protect the exclusive jurisdiction” granted to the regulator by Congress, CFTC said.
- Academics and attorneys emphasized how rare it was for the CFTC to directly sue a state.
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