Prediction Market Regulation: CFTC-New Mexico Lawsuit; Gaming Industry Lobbying
The US gaming industry and casino unions called on the Senate to ban sports prediction markets from the crypto bill currently under consideration. A tribal coalition filed amicus briefs to keep prediction market operations off native land, citing CFTC federal preemption concerns. These lobbying efforts follow the CFTC's earlier lawsuit against New Mexico over prediction market jurisdiction.
US gaming industry and tribal coalitions filed formal lobbying and amicus briefs against prediction market inclusion in crypto bill, expanding the regulatory dispute.
Story timeline · 5 days
- Jun 19, 20264California and Minnesota AGs Challenge CFTC Jurisdiction Over Prediction Markets
California and Minnesota state attorneys general formally questioned CFTC's authority over prediction markets, adding state-level legal opposition to the prior Michigan court ruling.
- Jun 18, 20264Michigan Judge Rules Sports Prediction Market Outside CFTC Jurisdiction; Polymarket Loses Injunction
A Michigan federal judge ruled sports prediction markets fall outside CFTC jurisdiction; Polymarket separately lost its injunction application in the same case.
- Jun 17, 20265· this storyPrediction Market Regulation: CFTC-New Mexico Lawsuit; Gaming Industry Lobbying
US gaming industry and tribal coalitions filed formal lobbying and amicus briefs against prediction market inclusion in crypto bill, expanding the regulatory dispute.
- Jun 15, 20264CFTC Sues New Mexico Over Prediction Market Jurisdiction
CFTC lawsuit against New Mexico over prediction market jurisdiction confirmed as formal regulatory action asserting federal authority.
- Jun 13, 20264CFTC Asserts Federal Jurisdiction Over New Mexico in Regulatory Dispute
Sources · 4
- The US Gambling Industry Calls for Legislation to Ban "Sports Prediction Market" from Entering Crypto Billlookonchain.com · T2
- US gaming industry groups urge Senate to ban sports prediction markets in crypto bill: reporttheblock.co · T1
- The US gambling industry and unions are pushing to ban prediction markets from offering sports betting services in the crypto bill.panewslab.com · T2
- Tribal Coalition Files Amicus Briefs to Keep Prediction Markets Off Native Landthedefiant.io · T2