{"id":22295,"date":"2026-02-18T07:13:42","date_gmt":"2026-02-18T07:13:42","guid":{"rendered":"https:\/\/bitunikey.com\/news\/well-see-you-in-court-cftc-fires-back-as-states-target-prediction-markets\/"},"modified":"2026-02-18T07:14:09","modified_gmt":"2026-02-18T07:14:09","slug":"well-see-you-in-court-cftc-fires-back-as-states-target-prediction-markets","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/well-see-you-in-court-cftc-fires-back-as-states-target-prediction-markets\/","title":{"rendered":"\u201cWe\u2019ll see you in court\u201d: CFTC fires back as states target prediction markets"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The US Commodity Futures Trading Commission (CFTC) has moved to defend its authority over prediction markets, filing a friend-of-the-court brief as state-level legal challenges against the sector intensify.<\/p>\n<div id=\"cn-block-summary-block_992242f2aaa3efe1f88dec33e74dbc2a\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>The U.S. Commodity Futures Trading Commission filed a friend-of-the-court brief to defend its exclusive jurisdiction over prediction markets amid rising state-level legal challenges.<\/li>\n<li>Chairman Mike Selig said the agency has regulated prediction markets for over two decades and warned challengers: \u201cWe will see you in court.\u201d<\/li>\n<li>The move comes as the U.S. Securities and Exchange Commission signals some event-based contracts may qualify as securities, while states like Nevada attempt to restrict platforms including Coinbase.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">CFTC defends control of US prediction markets<\/h2>\n<p>In a video <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/nakamoto.com\/updates\/nakamoto-inc-signs-definitive-agreements-to-acquire-btc-inc-and-utxo-management\" target=\"_blank\" rel=\"nofollow\">posted<\/a> on X, CFTC Chairman Mike Selig said American prediction markets have faced \u201can onslaught of state-led litigation\u201d over the past year. In response, the agency is stepping in to assert what it describes as its exclusive jurisdiction over these derivative products.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I have some big news to announce\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/3OBNTaOnIL\">pic.twitter.com\/3OBNTaOnIL<\/a><\/p>\n<p>\u2014 Mike Selig (@ChairmanSelig) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/ChairmanSelig\/status\/2023744651216240966?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 17, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>\u201cPrediction markets aren\u2019t new,\u201d Selig said. \u201cThe CFTC has regulated these markets for over two decades.\u201d <\/p>\n<p>He argued that such markets play a valuable role by allowing Americans to hedge commercial risks, including temperature fluctuations and energy price spikes. He also suggested they function as a check on media narratives and broader information flows.<\/p>\n<p>The legal battle comes as regulators debate whether certain prediction market contracts fall under securities or commodities law. The U.S. Securities and Exchange Commission recently warned that some event-based contracts could be classified as securities, potentially subjecting platforms to its oversight. <\/p>\n<p>Meanwhile, states including Nevada have sought to restrict the operations of crypto-linked prediction platforms, though a Nevada court recently declined to block Coinbase from offering certain prediction market services.<\/p>\n<p>The CFTC\u2019s filing underscores escalating jurisdictional tensions between federal and state authorities, as well as between financial regulators. Selig emphasized that the agency intends to protect the \u201cintegrity, resilience, and vibrancy\u201d of US derivatives markets.<\/p>\n<p>\u201cTo those who seek to challenge our authority in this space, let me be clear,\u201d he said. \u201cWe will see you in court.\u201d<\/p>\n<p>The case could have significant implications for the future of US-based prediction markets and their regulatory framework.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Commodity Futures Trading Commission (CFTC) has moved to defend its authority over prediction markets, filing a friend-of-the-court brief as state-level legal challenges against the sector intensify. Summary The&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=22295"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22295\/revisions"}],"predecessor-version":[{"id":22296,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/22295\/revisions\/22296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2806"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=22295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=22295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=22295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}