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States Ask CFTC Not to Overplay Its Hand

A bipartisan coalition of 41 AGs submitted a comment letter to the CFTC urging the Commission to affirm that sports-related prediction market “event contracts” fall under state gambling authority, not exclusive federal commodities jurisdiction, continuing a debate over authority between state and federal regulators seeking to oversee prediction markets. In the letter, the coalition argues…

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New York AG Secures $5 Million From Crypto Platform

New York AG Letitia James reached a $5 million settlement with cryptocurrency platform Uphold HQ Inc. for allegedly misleading investors while promoting CredEarn, a crypto investment product from now-collapsed Cred LLC, in violation of the Martin Act and Executive Law § 63(12). According to the AG’s office, Uphold promoted CredEarn as a safe, reliable savings…

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State AGs Pen EpiPen Settlements With Mylan

Maryland AG Anthony Brown and North Carolina AG Jeff Jackson announced separate settlements with Mylan resolving allegations that the company used anticompetitive tactics to maintain EpiPen’s market dominance and drive up prices for the life-saving allergy medication. According to the AGs’ offices, Mylan allegedly suppressed generic competition through exclusionary contracts with pharmacy benefit managers, delayed…

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Connecticut AI and Youth Social Media Bill Heads to Governor

Connecticut AG William Tong praised the state General Assembly’s passage of Senate Bill 5, which was proposed in part by his office and Governor Ned Lamont to curb addictive social media features for minors and strengthen state oversight of AI-related harms. The bill, which awaits the governor’s signature, would require parental consent before platforms expose…

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