Topic: cftc oversight
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Senators Warn Regulator: Don't Interfere in Prediction Market Lawsuits
A group of 23 Democratic senators has urged the CFTC not to intervene in state lawsuits against prediction markets, arguing these platforms should be treated as illegal gambling under state, not federal, jurisdiction. The conflict centers on a clash between the CFTC, which asserts exclusive feder...
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Ex-Trump Official Targets Prediction Markets
Mick Mulvaney, a former Trump official, is leading a coalition to reclassify prediction markets as sports betting under state gambling laws, arguing they are not legitimate financial instruments. The debate centers on regulatory jurisdiction, with the CFTC currently overseeing these markets as de...
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