CFTC sues New York to block oversight of prediction markets
By Reuters••The Times of India
The CFTC sued New York, alleging the state's lawsuits against prediction market operators like Coinbase and Gemini infringe on federal regulatory authority. New York's Attorney General argued these markets are gambling and violate state consumer protection la…
The US Commodity Futures Trading Commission sued New York on Friday, accusing the state of invading its authority to regulate prediction markets by filing lawsuits accusing Coinbase Financial Markets…