2026 Membership Book FINAL

USCA4 Appeal: 25-1892

Doc: 16

Filed: 10/15/2025

Pg: 4 of 97

TABLE OF CONTENTS — Continued

II. The District Court Erred In Rejecting Preemption............................40 A. The District Court Erred In Creating A Gambling Exception To The CFTC’s Exclusive Jurisdiction ......................41 B. The District Court Erred In Rejecting Field Preemption ............................................................................... 46 C. The District Court Erred In Rejecting Conflict Preemption ............................................................................... 56 D. The District Court Erred In Applying A Presumption Against Preemption .................................................................. 59 CONCLUSION............................................................................................. 62 CERTIFICATE OF COMPLIANCE CERTIFICATE OF SERVICE ADDENDUM

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