U.S. Commodity Futures Trading Commission Sues Minnesota Over Prediction Market Ban
The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against the state of Minnesota to block enforcement of its new law banning prediction markets, which are seen as derivatives under federal jurisdiction. The CFTC argues that the ban violates constitutional principles by criminalizing activities governed at the federal level.
Topics: CFTC lawsuit prediction markets state law enforcement