Utah governor escalates fight over prediction market regulation with CFTC chair

Salt Lake City is quickly becoming a focal point in the growing clash over who controls prediction markets, and Gov. Spencer Cox is making clear he intends to push back hard against Washington.

On Tuesday (February 17), Cox publicly rebuked Commodity Futures Trading Commission Chair Mike Selig, accusing the federal regulator of stretching its authority by treating sports-style event contracts like financial derivatives. The dispute surrounds online platforms that allow users to trade contracts tied to real-world outcomes...