The Commodity Futures Trading Commission (CFTC) has taken a firm stance against state actions that it perceives as undermining federal authority over prediction markets. CFTC Chair Michael Selig announced that the agency will actively oppose what it views as overzealous state interference. In a significant move, the CFTC has filed a friend-of-the-court brief in support of Crypto.com, highlighting its commitment to maintaining federal jurisdiction in this area.
CFTC Challenges State Overreach in Prediction Markets
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