CME Group CEO: CFTC's claim to regulatory authority over prediction markets is "tenuous," expected to go before the Supreme Court for a ruling

On October 13, according to The Block, CME Group CEO Terrence Duffy stated at DC Fintech Week that the CFTC's claim to regulatory authority over prediction markets is "somewhat tenuous." He predicted that this dispute will ultimately reach the Supreme Court and believes that states and tribes will prevail. Currently, the ongoing rivalry over regulatory jurisdiction for prediction markets between the federal government and individual states continues to intensify.