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CFTC sues Utah to block state enforcement against prediction markets, arguing event contracts are federally governed swaps, MyTopSlot reports
- CFTC sues Utah to block state enforcement against prediction markets, arguing event contracts are federally governed swaps, MyTopSlot reports — The CFTC filed a 33-page federal complaint on October 26 seeking preliminary and permanent injunctions against Utah enforcement, arguing event contracts are swaps governed by federal law. Utah is described as the tenth state sued by the regulator, following cases in states including Arizona, Minnesota and Illinois. (MyTopSlot)
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