CFTC sues to block Utah from enforcing gambling laws against prediction markets

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The Hill's Headlines | PM — October 27, 2026

The Hill's Headlines | PM — October 27, 2026

The Commodity Futures Trading Commission (CFTC) announced on Tuesday that it has filed a lawsuit against the state of Utah to stop the state’s efforts to shut down CFTC-registered contract markets.

The lawsuit follows a lengthy battle the state has been fighting against prediction markets. In August, a federal judge in Utah ruled that the Commodities Exchange Act does not block Utah from enforcing its gambling restrictions against prediction markets.

Enacted in the 1930s, the Commodities Exchange Act was updated after the 2008 financial crisis to give the CFTC the ability to regulate financial........

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