CFTC Intervenes in Rhode Island Lawsuit to Block State Gambling Laws on Prediction Markets
By
Kevin Helms
2d ago· 3 min readenNews
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Summary
The Commodity Futures Trading Commission (CFTC) has moved to intervene in Rhode Island litigation over prediction markets, seeking to block state gambling laws from being applied to federally regulated event-contract platforms. The dispute centers on civil penalties, federal preemption claims, and state-level challenges to prediction market regulation.
Key quotes
· 3 pulledThe Commodity Futures Trading Commission (CFTC) moved to intervene in Rhode Island litigation over prediction markets, seeking to block state gambling laws from being applied to federally regulated event-contract platforms.
The dispute centers on civil penalties, federal preemption claims, and several state challenges.
CFTC Moves Against Rhode Island Over Prediction Markets Dispute
The Commodity Futures Trading Commission (CFTC) moved to intervene in Rhode Island litigation over prediction markets, seeking to block state gambling
