Warren Statement on Trump’s CFTC Preempting State Regulation on Prediction Markets

Washington, DC- United States Senator Elizabeth Warren (D-Mass.) released the following statement on Commodity Future Trading Commission (CFTC) Chair, Mark Selig’s, announcement that the CFTC will preempt state regulation on prediction markets:
“President Trump’s CFTC Chair is trying to strip states of their authority to regulate gambling within their borders and hamstring their ability to protect Americans from getting ripped off. The CFTC should focus on ensuring our derivatives markets don’t blow up the economy again, not helping corrupt political insiders cash in.”
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