CFTC sues to block Utah's restrictions on prediction market betting

The US Commodity Futures Trading Commission filed a federal legal challenge to halt Utah's attempt to restrict prediction market betting in the state. The regulator asserts it is the sole US authority overseeing prediction markets.

• CFTC filed a federal challenge against Utah's prediction market restrictions
• Regulator says it is the sole US overseer of prediction markets
• The suit seeks to block the state's ban on prediction betting