[U.S. CFTC Files Lawsuit Over New York's Attempt to Apply Gambling Laws to Prediction Markets] According to Cointelegraph, the U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against New York State, seeking to prevent the state from enforcing gambling laws on prediction platforms, arguing that federal regulators have exclusive jurisdiction over event-based contracts. In the complaint submitted to the U.S. District Court for the Southern District of New York, the CFTC contends that federal law grants it exclusive jurisdiction over these markets and requests the court to issue a declaratory judgment and a permanent injunction to block New York State's enforcement actions. The CFTC Chairman stated: 'CFTC-registered exchanges are facing a wave of state-level lawsuits attempting to restrict Americans' access to event contracts and undermine the CFTC's exclusive regulatory authority over prediction markets.'