CFTC sues New York to block oversight of prediction markets
Published on: April 25, 2026, 7:06 a.m. | Source: The Economic Times
The CFTC sued New York, alleging the state's lawsuits against prediction market operators like Coinbase and Gemini infringe on federal regulatory authority. New York's Attorney General argued these markets are gambling and violate state consumer protection laws, a stance criticized by the CFTC as overreach.
