On June 26, 2026, a coalition of 17 Democratic senators publicly criticized the Commodity Futures Trading Commission (CFTC) for its financial support of lawsuits targeting prediction markets.
The senators argue that these actions undermine state authority and oversight, framing the CFTC's funding as an 'assault' on local governance.
This pushback reflects growing concerns among lawmakers about the balance of power between federal and state regulatory bodies in the realm of prediction markets.