A coalition of 44 state attorneys general has sent a letter to the U.S. Commodity Futures Trading Commission (CFTC) challenging the agency’s proposed regulatory approach to sports prediction markets. The attorneys general argue that the CFTC lacks authority to regulate these markets under the Commodity Exchange Act as currently contemplated, and they ask the commission to withdraw the proposal and develop new rules that they say align with the statute. The group’s request focuses on the legal basis for the CFTC’s action, urging the agency to draft rules consistent with the Commodity Exchange Act rather than proceeding under its existing interpretation. The letters’ underlying position is that the proposed framework does not properly reflect the limits of the CFTC’s jurisdiction over sports-related prediction activity. The outlets report that the coalition is acting collectively through state attorneys general to influence the CFTC’s next steps on the rulemaking process.