Nevada senators seek limits on CFTC lawsuits over prediction markets
Nevada senators Jacky Rosen and Catherine Cortez Masto urged a Senate appropriations panel to bar the CFTC from using federal funds to sue states and tribes regulating prediction platforms. In a late June letter, they argued the lawsuits risk addiction and underage exposure to betting products and infringe on state and tribal authority.
The proposal could affect federal challenges to state and tribal regulation of prediction markets.