New Mexico is the eighth state sued by the CFTC over prediction markets, as Gary Gensler doubted the regulators' claim of authority over sports event contracts.
The CFTC has filed a lawsuit against New Mexico, challenging its jurisdiction over prediction markets. This marks the eighth state to face legal action from the CFTC on this issue. The controversy also involves Gary Gensler's skepticism regarding the regulators' claims of…
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