The CFTC sues Arizona, Connecticut, and Illinois over their actions against prediction markets, saying it has the "exclusive" authority to regulate such markets (Alex Harring/CNBC)

Alex Harring / CNBC : The CFTC sues Arizona, Connecticut, and Illinois over their actions against prediction markets, saying it has the “exclusive” authority to regulate such markets —  A federal commission on Wednesday announced lawsuits against three states over its ability to exclusively regulate prediction markets.

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