U.S. Capitol building representing federal jurisdiction in CFTC lawsuit over prediction markets

CFTC Sues Three U.S. States Over Prediction Markets Jurisdiction

WASHINGTON, April 2 — The Commodity Futures Trading Commission said it has filed lawsuits against the U.S. states of Arizona, Connecticut, and Illinois, challenging actions taken against CFTC-registered designated contract markets and seeking to reaffirm its exclusive jurisdiction over prediction markets, according to a CFTC press release.