CFTC sues New York to stop state oversight of prediction markets and crypto firms

Published on 25 April 2026

A federal agency says New York is stepping past

The US Commodity Futures Trading Commission (CFTC) has sued New York, arguing the state’s legal actions against prediction market platforms such as Coinbase and Gemini unlawfully encroach on federal authority. New York’s attorney general says the products function as gambling and violate state consumer protection rules. The CFTC calls the state’s approach overreach and seeks to block it.

CFTC challenges New York’s actions against prediction market operators
Federal regulators claim state suits infringe on CFTC authority
New York argues prediction markets are gambling and harm consumers
The dispute could shape regulation of future prediction and crypto platforms

#cftc #new york #prediction markets #coinbase #regulation

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

CFTC sues New York to stop state oversight of prediction markets and crypto firms

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