CFTC Sues New Mexico to Block State Gaming Laws From Reaching Federally Regulated Prediction Markets
⚡ CryptoTradeSignals AI Take▲ Bullish
Tailwind for Crypto. Momentum and demand are skewing to the upside.
Affected: Cryptomedium confidence
KEY POINTS
- The federal derivatives regulator filed suit Thursday in federal court seeking to bar New Mexico from enforcing state gaming laws against CFTC-registered prediction-market exchanges, making New Mexico the eighth state to face federal litigation over the question of exclusive jurisdiction.
The federal derivatives regulator filed suit Thursday in federal court seeking to bar New Mexico from enforcing state gaming laws against CFTC-registered prediction-market exchanges, making New Mexico the eighth state to face federal litigation over the question of exclusive jurisdiction.
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