CFTC Sues New York as Prediction Markets Fight Escalates

The Commodity Futures Trading Commission (CFTC) has sued New York over prediction markets, following the states lawsuit against Coinbase and Gemini, as a broader federal-state clash over event contracts intensifies. The dispute centers on whether these products fall under federal derivatives oversight or state gambling laws. Key Takeaways: CFTC sued New York to block state []