CME CEO says CFTC oversight of prediction markets is a stretch, expects Supreme Court ruling
- —Duffy called the CFTC's push for broader prediction-market authority "a bit of a stretch"
- —The fight could become a legal battle between states, tribes and the federal government
- —CME is one of the world's largest derivatives exchanges, competing with Polymarket and Kalshi
Why it matters: The outcome will decide who regulates US prediction markets, affecting Polymarket, Kalshi and the broader sector.
Source: PANews