🚨NEW: The @CFTC is taking Illinois and @GovPritzker to court, arguing the state overstepped by trying to block prediction market platforms it says fall under exclusive federal oversight. It’s also suing Arizona and Connecticut over similar efforts. This marks the latest escalation in the fight over who controls prediction markets, Washington or the states, and the first time the agency has used legal action to assert jurisdiction. “The CFTC will continue to safeguard its exclusive regulatory authority over these markets and defend market participants against overzealous state regulators,” said CFTC @ChairmanSelig.(Eleanor Terrett)