News · Regulation & Policy
The federal regulator filed its 12th state preemption lawsuit after a state court order halted more than 30 event contract operators.
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The CFTC sued Louisiana on Nov. 13 after a state court blocked more than 30 derivatives firms without prior notice.
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Louisiana is the 12th state sued by the agency under federal preemption claims granted by the Commodity Exchange Act.
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The CFTC has also filed amicus briefs across four federal appellate courts and one state Supreme Court on jurisdiction.
Context
The CFTC has actively litigated across multiple states to defend its exclusive jurisdiction over event contracts and prediction markets against local regulatory challenges.
Why it matters
Over 30 firms, including designated contract markets, futures commission merchants, and clearinghouses operating in Louisiana, face immediate disruption under the state court…
What to watch
Federal court hearings on the CFTC's complaint and any emergency relief requests to dissolve the Louisiana state court order.
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