CME CEO sees Supreme Court fight over prediction market oversight

CME Group CEO Terrence Duffy said the U.S. CFTC may be overextending its regulatory authority by claiming jurisdiction over prediction markets, The Block reported. Speaking at DC Fintech Week on Oct. 13, local time, Duffy said the conflict between the federal government and state governments over prediction market oversight will ultimately reach the U.S. Supreme Court. Duffy added he expects state governments and tribal governments to prevail in the end.