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LOW IMPACT CoinDesk · Apr 24, 10:09 PM

U.S. CFTC adds New York to string of states its suing to stop prediction market pushback

The federal regulator has been suing states that seek to curtail prediction markets activity and claim it should be deemed state-regulated gaming.

SIGNALPRO AI · WHAT'S LIKELY TO HAPPEN
BEARISH 75% confidence

The ongoing legal battles may create uncertainty in the prediction market sector, leading to a bearish sentiment among investors. Prices of related crypto assets could experience downward pressure as regulatory risks increase.

AI-generated analysis. For educational purposes only — not financial advice.

The federal regulator has been suing states that seek to curtail prediction markets activity and claim it should be deemed state-regulated gaming.

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