CFTC Sues Rhode Island as State Rules Threaten Prediction Markets

The 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 []