CME Group CEO Terrence Duffy said at DC Fintech Week that the U.S. Commodity Futures Trading Commission’s (CFTC) attempt to expand its regulatory authority over prediction markets was an “overreach.” He noted that the regulatory dispute could develop into a legal battle between state, tribal, and federal governments, and predicted that the relevant cases would eventually reach the U.S. Supreme Court. Duffy believes that state and tribal governments could have the upper hand in a potential legal showdown.

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