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CFTC Sues New Mexico Over Prediction Market Jurisdiction
The CFTC has filed a lawsuit against New Mexico, the eighth state challenged, over its jurisdiction regarding prediction market contracts, especially those tied to sports.
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Gary Gensler Affirms State Authority Over Prediction Market Regulation
Former SEC and CFTC Chair Gary Gensler asserts that Congress never intended for sports betting, including prediction markets, to fall under exclusive federal oversight.
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Gensler: Prediction Markets Must Adhere to State Regulations
Former SEC and CFTC Chair Gary Gensler asserts that prediction markets offering sports contracts must adhere to state regulations, challenging their claims of exemption.