CFTC sues Rhode Island to block state enforcement against prediction markets

29th May, 2026

Karry Lai
CFTC building entrance with emblem on brick wall exterior

The commission argues that it has clear and longstanding exclusive jurisdiction to regulate event contracts under the Commodity Exchange Act, which preempts state laws purporting to regulate prediction markets.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP

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