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One platform for global traditional assets
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Crypto World News reports that Wu said that the U.S. Commodity Futures Trading Commission (CFTC) has submitted a friend-of-the-court brief to the Massachusetts Supreme Judicial Court, arguing that it has exclusive regulatory authority over commodity derivatives markets, including prediction markets (event contracts), and stating that the Commodity Exchange Act takes precedence over state laws. The CFTC pointed out that some states are taking "illegal enforcement actions" against its regulation of exchanges and have obtained temporary restraining orders in states like Arizona.