$BTC
Big regulatory showdown brewing 👀⚖️
The CFTC just made a bold move — filing a “friend of the court” brief with the U.S. Court of Appeals for the Ninth Circuit in a case involving Crypto.com and the state of Nevada.
In the filing, the top U.S. derivatives regulator argues that it — not individual states — has exclusive federal authority over prediction markets.
Translation? 🚨
This is a direct clash between federal and state regulators over who controls the rapidly growing prediction market space.
And it’s not just about Crypto.com. The ripple effects could impact platforms like Kalshi and Polymarket, as the CFTC continues to assert jurisdiction over event-based contracts and crypto-powered prediction markets.
Why this matters:
Prediction markets are exploding in popularity — especially around elections, macro events, and crypto trends. The outcome of this legal battle could shape how these platforms operate across the U.S. going forward.
Federal vs. States.
Regulatory turf war.
The future of prediction markets on the line.