CFTC Reaffirms Exclusive Jurisdiction over Prediction Markets in U.S. Circuit Court Filing | Crypto Craft

  • CFTC Reaffirms Exclusive Jurisdiction over Prediction Markets in U.S. Circuit Court Filing

    From cftc.gov

    The Commodity Futures Trading Commission today filed an amicus brief in the U.S. Circuit Court of Appeals for the Ninth Circuit confirming its exclusive jurisdiction over the U.S. commodity derivatives markets, including event contract markets commonly referred to as prediction markets. The brief was filed in North American Derivatives Exchange, Inc. et al v. The State of Nevada on relation of the Nevada Gaming Control Board et al. “CFTC-registered exchanges have faced an onslaught of lawsuits seeking to limit Americans’ access to event contracts and undermine the CFTC’s sole regulatory jurisdiction over ... (full story)

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