AiCoin
AiCoin|Feb 18, 2026 13:13
[U.S. CFTC Submits Amicus Brief in ((((Crypto.com)))) Prediction Market Dispute] The U.S. Commodity Futures Trading Commission (CFTC) has submitted an amicus brief to the U.S. Ninth Circuit Court of Appeals regarding the prediction market dispute between ((((Crypto.com)))) and the state of Nevada. The CFTC argues that the Dodd-Frank Act grants it exclusive jurisdiction over futures and related products, which applies to event contracts. Previously, ((((Crypto.com)))) filed a lawsuit in June last year after Nevada attempted to block it from offering sports event contract services. The lower court ruled that sports event contracts do not fall under the CFTC's jurisdiction, prompting ((((Crypto.com)))) to appeal. This case has sparked debate at the congressional level, and the Ninth Circuit Court of Appeals' final decision will determine the primary regulatory framework for prediction markets.
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