Prediction Market Clash: CFTC Sues Three States To Claim Exclusive Control

The US Commodity Futures Trading Commission (CFTC) has escalated a jurisdictional clash with state governments by filing lawsuits against three states in a bid to assert exclusive federal authority over prediction markets.  The litigation targets Arizona, Connecticut, and Illinois — and in Illinois’ case, specifically names Governor J.B. Pritzker — after those states took steps […]