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I just noticed an interesting move by regulators. The CFTC is clearly increasing pressure on prediction markets and has now added New York to the list of states against which lawsuits are filed. It seems they are serious about stopping the development of this segment.
New York is a significant move, considering it is one of the financial centers of the United States. The regulator is clearly expanding the front of attack on predictive markets, and New York becomes another point of pressure in this campaign.
Interestingly, this shows how different agencies are working to restrict this sector. The CFTC is adding states to its list of lawsuits, and New York is now in the spotlight. It appears regulators are not planning to give up.
Regarding the source itself — CoinDesk has been covering such events for a long time, adhering to strict editorial standards. By the way, CoinDesk is connected to Bullish, a global digital assets platform for institutional investors, which explains their deep ties to the industry and informational resources.
Overall, the situation with New York and the CFTC shows that regulatory pressure on innovative financial instruments is only increasing. It’s worth watching how this will develop further.