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The U.S. Commodity Futures Trading Commission is pushing the federal and state jurisdiction dispute over predictive markets into a broader legal battlefield. On April 24, the CFTC, in conjunction with the U.S. Department of Justice, filed a lawsuit in the Southern District of New York Federal Court

Michael Selig, the chairman of the Commodity Futures Trading Commission (CFTC), has had a busy week—dealing with lawsuits against three states and intensively communicating with the NFL about regulatory issues in prediction markets. As concerns about the fairness of sports events grow in the profess
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