The SEC told a court that oversight of prediction markets falls to the Commodity Futures Trading Commission, rejecting claims of a regulatory gap between the two agencies. It made the argument in an amicus brief in a suit by the Capital Markets Association of America against the CFTC over single-stock perpetual futures.
SEC says prediction market oversight belongs to CFTC in court filing
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The story so far: Single-stock perpetual futures lawsuit
A Cboe-backed group sued the CFTC to block approval of single-stock perpetual futures listed by Coinbase, Kalshi and Bitnomial; Judge Valerie Caproni denied a pause, finding the contracts closer to SEC-regulated swaps. The SEC has now filed a brief backing the CFTC in the dispute, saying the CFTC's rule changes must…
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SEC says prediction market oversight belongs to CFTC in court filing
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