44 State AGs Tell CFTC It Lacks Authority Over Sports Prediction Markets
Covered by 3 sources · 3 articles
3 outlets - including Crypto-economy, Theblock and Cryptotimes - are covering this story. TL;DR State Challenge: Forty‑four attorneys general told the CFTC its proposed rule on sports Prediction Markets exceeds federal authority and intrudes on areas states traditionally regulate. Industry Concerns: The NFL urged the CFTC to tig…
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44 State Attorneys General Challenge CFTC Authority Over Sports Prediction Markets
TL;DR State Challenge: Forty‑four attorneys general told the CFTC its proposed rule on sports Prediction Markets exceeds federal authority and intrudes on areas states traditionally regulate. Industry Concerns: The NFL urged the CFTC to tig…
Coalition of 44 state attorneys general says CFTC lacks authority over sports prediction markets
The group of AGs sent a letter to the CFTC, urging the agency to draft new rules consistent with the Commodity Exchange Act.
44 State AGs Tell CFTC It Lacks Authority Over Sports Prediction Markets
The letter landed on the final night of the CFTC's comment window, escalating a coalition that has grown to 44 states and laying the groundwork for litigation once the rule is finalized.