US CFTC sues to block Utah's ban on prediction markets
( October 26, 2026, 23:35 GMT | Official Statement) -- MLex Summary: The US Commodity Futures Trading Commission announced a lawsuit to block Utah's efforts to shut down prediction markets. "Event contracts do not just serve hedging and investment purposes — they also provide the public with information about the outcome of future events. Congress entrusted the CFTC to be the federal regulator with sole responsibility to oversee these markets," CFTC Chairman Michael S. Selig said. Full statement follows. Also see attached file....
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