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The CFTC has argued it has exclusive authority to regulate the growing prediction market sector rather than state-by-state regulation.
Source
CNBC
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The complaint from the Southern District of New York comes just over a month after another insider trading case on Polymarket.
The Minneapolis Fed President warned that persistently high inflation risks becoming embedded in consumer expectations, potentially forcing tougher policy action later.
Oil prices rose on Thursday after fresh U.S. strikes in Iran renewed concerns over disruptions to commercial shipping through the Strait of Hormuz.
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