Cox vows to challenge CFTC authority over prediction markets in Utah
Utah Governor Spencer Cox said he would use available legal resources to oppose prediction markets in the state. His comments followed a CFTC court filing asserting exclusive jurisdiction over event contracts on federally regulated exchanges; CFTC chair Michael Selig defended the agency’s oversight and said it would contest challenges in court.
The dispute could affect whether operators can offer sports-related event contracts under federal oversight in Utah.