The U.S. Commodity Futures Trading Commission, together with the federal government, has sued Utah over the state’s enforcement action against prediction markets, according to Techub News, which cited Crypto.news. The filing pushes the CFTC’s challenge to state-level jurisdiction in this area to 10 states.
The update centers on a growing legal clash over who has authority to regulate prediction markets in the United States. In this case, Utah became the latest state targeted by a lawsuit tied to enforcement measures against the sector. With the new action, the number of states involved in the broader jurisdiction dispute has reached 10.
No additional details on the claims, court process, or timeline were provided in the source brief.
The U.S. Commodity Futures Trading Commission, together with the federal government, has sued Utah over the state’s enforcement action against prediction markets, according to Techub News, citing Crypto.news.
With the case, the CFTC’s challenge to state jurisdiction in this area has expanded to 10 states.
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