CFTC prediction-market rules reach White House review as states fight in court

CFTC prediction-market rules have advanced to White House review, according to CoinDuck. The move comes as states continue fighting in court over whether event contracts should be regulated primarily by federal derivatives law or state gambling law.

Advancing to White House review signals the CFTC is pushing forward with a federal framework for event contracts despite state court challenges, which could preempt state gambling restrictions if finalized.