Story perspectives

CFTC vs. Utah: Battle Over Prediction Markets Heats Up

2/18/2026

Summary

Story summary

The Commodity Futures Trading Commission has filed an amicus brief in federal court to assert its federal authority over the regulation of prediction markets.
Utah Governor Spencer Cox condemns prediction markets as harmful gambling.
He vows to fight the CFTC in court.
Critics such as Demand Progress Education Fund warn the CFTC's actions could trigger another financial crisis.
Recent scrutiny of prediction markets has intensified due to insider trading allegations.

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Story summary

The Commodity Futures Trading Commission has filed an amicus brief in federal court to assert its federal authority over the regulation of prediction markets.
Utah Governor Spencer Cox condemns prediction markets as harmful gambling.
He vows to fight the CFTC in court.
Critics such as Demand Progress Education Fund warn the CFTC's actions could trigger another financial crisis.
Recent scrutiny of prediction markets has intensified due to insider trading allegations.