44 U.S. State Attorneys General Claim 'CFTC Lacks Authority Over Sports Prediction Markets'

2026/07/30 12:06 (Updated 2026/07/30 16:00)

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Written by A.Yamada

44 U.S. State Attorneys General Claim 'CFTC Lacks Authority Over Sports Prediction Markets'

Deepening Conflict Between CFTC and States Over Prediction Markets

A group consisting of the Attorneys General from 44 U.S. states submitted an opinion letter on the 27th to the Commodity Futures Trading Commission (CFTC), asserting that the commission does not have the authority to regulate sports-related prediction markets. The CFTC had opened a public comment period for its proposed rules on regulating prediction markets, to which the group led by Ohio Attorney General Andy Wilson responded.

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