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694 CFTC sues Illinois over state's cease-and-desist letters against prediction markets

CoinDesk
Nikhilesh De @ CoinDesk · 04/02/2026 12:24 EDT

CFTC sues Illinois over state's cease-and-desist letters against prediction markets

The CFTC argued in a lawsuit that the Commodity Exchange Act gave it "exclusive jurisdiction" over all swaps, which include prediction markets.

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