CFTC files amicus brief in Crypto.com prediction-market case
The Commodity Futures Trading Commission filed an amicus brief in litigation involving Crypto.com’s prediction markets, chair Michael Selig said on 17 February. The case is before the US Court of Appeals for the Ninth Circuit and concerns Crypto.com’s dispute with the Nevada Gaming Control Board. Selig said the brief defends the CFTC’s jurisdiction over derivatives markets.
The filing puts the CFTC’s claim to authority over prediction markets before a federal appeals court.