CFTC sues to block Utah from enforcing gambling laws against prediction markets

The Commodity Futures Trading Commission (CFTC) filed a lawsuit against Utah to block the state from enforcing gambling laws against CFTC-registered prediction markets. The suit follows a federal judge's August ruling in Utah that favored the markets. The CFTC argues federal law preempts state enforcement, aiming to protect regulated trading platforms from state-level shutdowns.