Wu Blockchain reports that Coinbase Chief Legal Officer Molly Abraham stated the company has filed a brief with the U.S. Court of Appeals for the Second Circuit, seeking confirmation that the Commodity Futures Trading Commission (CFTC) holds exclusive regulatory authority over prediction markets. Coinbase argues that the core issue is not whether prediction markets should be regulated, but whether they should be uniformly overseen by the CFTC, which has over 50 years of experience in derivatives regulation, or governed by individual states with separate rules and enforcement. The company asserts that the Commodity Exchange Act has already granted the CFTC relevant regulatory authority and is asking the court to affirm the precedence of federal oversight. https://www.(wublock123.com)/news/coinbase-appeals-against-state-by-state-regulation-69703