CFTC Press Releases/
CFTC Sues to Block State Enforcement in Rhode Island Amid Ongoing Efforts to Preserve Jurisdiction
The CFTC is intervening in a Rhode Island lawsuit to prevent the state from applying gambling laws to CFTC-registered prediction markets, asserting its exclusive federal jurisdiction.
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Why It Matters
The outcome determines whether state gambling laws can override federal CFTC registration for event contracts, impacting the legality and accessibility of prediction markets in the US.