CFTC Sues Rhode Island to Protect Federal Jurisdiction Over Contract Markets

The Commodity Futures Trading Commission (CFTC) has moved to intervene in a lawsuit in the U.S. District Court for the District of Rhode Island. The CFTC aims to block the state's efforts to apply its gambling laws against CFTC-registered contract markets.

This action is part of the CFTC's ongoing efforts to preserve its federal jurisdiction over these markets. The Commission filed a motion to intervene and a complaint today, asserting its authority.