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CFTC sues Utah to block state effort to shut down prediction markets, FX News Group reports
- CFTC sues Utah to block state effort to shut down prediction markets, FX News Group reports — The CFTC said it filed suit against Utah to block the state from using state laws to shut down CFTC-registered contract markets, after Utah filed civil enforcement actions in state court. Chair Michael Selig said Congress entrusted the CFTC with sole responsibility to oversee these markets and that event contracts provide information about the outcome of future events. (FX News Group)
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