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CFTC sues to block Utah from enforcing gambling laws against prediction markets

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The Hill
“CFTC sues to block Utah from enforcing gambling laws against prediction markets”

The Commodity Futures Trading Commission (CFTC) announced on Tuesday that it has filed a lawsuit against the state of Utah to stop the state’s efforts to shut down CFTC-registered contract markets. The lawsuit follows a lengthy battle the state has been fighting against prediction markets. In August, a federal judge in Utah ruled that the...

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