Summary
- The U.S. Commodity Futures Trading Commission (CFTC) said it is escalating its clash with state governments over regulatory authority for prediction markets.
- The CFTC said on its official website that it has filed lawsuits not only against Illinois but also against Arizona and Connecticut.
- The commission said it is reaffirming its exclusive jurisdiction over prediction markets and stressed it will protect market participants from overly aggressive state regulators.
Forecast Trend Report by Period
The U.S. Commodity Futures Trading Commission (CFTC) is escalating its clash with state governments over regulatory authority for prediction markets.
On the 2nd (local time), the CFTC said on its official website that it had filed lawsuits not only against Illinois but also against Arizona and Connecticut.
The commission said the move is intended to reaffirm its exclusive jurisdiction over prediction markets.
CFTC Chairman Michael Selick stressed that it would "protect market participants from overly aggressive state regulators."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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