Trending Now - CFTC Takes Legal Action Against New York's Prediction Market Rules

WHO:

Cointelegraph - The U.S. Commodity Futures Trading Commission (CFTC) is involved in the lawsuit against New York.

Techmeme - The lawsuit involves the state of New York, as well as prediction platforms Coinbase and Gemini.

WHAT:

Cointelegraph - The CFTC has filed a suit to block New York from enforcing gambling laws on prediction platforms.

Techmeme - The CFTC accuses New York of invading its authority to regulate prediction markets by filing lawsuits against Coinbase and Gemini.

WHERE:

Cointelegraph - The legal action is taking place in New York.

WHY:

Cointelegraph - The CFTC argues that federal regulators have sole authority over event-based contracts, which is the basis for the lawsuit against New York's enforcement of gambling laws.

HOW:

Techmeme - The CFTC's lawsuit is a legal action aimed at preventing New York from applying its gambling laws to prediction markets.

(UPDATED April 25, 2026 17:12 UTC)

The U.S. Commodity Futures Trading Commission, or CFTC, has filed a lawsuit against New York, seeking to block the state from enforcing its gambling laws on prediction platforms like Coinbase and Gemini. The CFTC argues that federal regulators have the exclusive authority to oversee event-based contracts, claiming that New York's legal actions invade its regulatory jurisdiction. This legal battle is unfolding in New York, as the CFTC aims to prevent the application of state gambling laws to these prediction markets.