CFTC sues to block Utah from enforcing gambling laws against prediction markets
Summary
The Commodity Futures Trading Commission said Tuesday that it sued Utah to stop the state from trying to shut down CFTC-registered contract markets. The lawsuit follows a lengthy dispute over prediction markets; the article also refers to an August ruling by a federal judge in Utah but does not give details of that ruling.Key Facts
- The CFTC announced that it filed a lawsuit against Utah.
- The CFTC seeks to stop Utah from shutting down CFTC-registered contract markets.
- The dispute involves prediction markets.
- The lawsuit follows a lengthy battle between Utah and prediction markets.
- A federal judge in Utah issued a ruling in August, but the article excerpt does not describe its contents.
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