US senators seek to bar CFTC spending on prediction-market lawsuits
A group of 17 Democratic senators urged appropriators to block the CFTC from using federal funds to challenge state gambling laws and compacts involving online prediction markets. Their proposed restriction would apply to the fiscal 2027 funding bill, following CFTC lawsuits against nine states, according to the senators’ letter.
Appropriators’ decision could limit the CFTC’s ability to litigate prediction-market disputes involving state gambling laws and compacts.