CFTC Adds Arizona, Connecticut to Prediction Market Lawsuits

The Commodity Futures Trading Commission filed lawsuits against Arizona, Connecticut and Illinois, challenging state actions affecting CFTC-registered exchanges in an effort to reaffirm its jurisdiction over regulating prediction markets.

• Agency says states sought to restrict trading in lawful event contracts
• CFTC cites federal authority under Commodity Exchange Act
• NOTE, earlier: CFTC Sues Illinois Over State Effort to Limit Prediction Markets

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