California and Minnesota attorneys general are challenging the Commodity Futures Trading Commission’s (CFTC) approach to regulating prediction markets.
California and Minnesota attorneys general are disputing the Commodity Futures Trading Commission’s (CFTC) oversight of prediction markets, stating that the federal agency lacks the capacity to address issues like addiction and societal impacts related to gambling. Minnesota Attorney General Keith Ellison emphasized that states are better suited to handle the potential risks associated with gambling.
