'See You in Court': CFTC Chair Defends Jurisdiction as States Fight Prediction Markets

U.S. Commodities and Futures Trading Commission Chairman Michael Selig hit back at states trying to challenge the regulator’s jurisdiction over prediction markets in a new op-ed published Tuesday in The Wall Street Journal.

“To those who seek to challenge our authority in this space: let me be clear. We will see you in court,” Selig wrote.

In the past year, a handful of states have issued cease and desist letters and gone toe-to-toe with prediction market operators in court in a bid to stop what they say…