A new court filing contends that regulating wagers on future events is the sole domain of the Commodity Futures Trading Commission, effectively challenging Arizona’s attempt to impose its own rules. The dispute illustrates a growing national conflict over the extent of state authority versus federal power in overseen financial and betting markets.

Democratic-led states, including Oregon and Illinois, are actively challenging the Trump administration’s move to deploy National Guard troops. This conflict highlights a broader tension between federal authority and state governance, raising questions about who ultimately holds power in times of crisis.