SBF has petitioned the U.S. Supreme Court for certiorari, asking it to overturn the fraud conviction and rescind the 11000000000 USD forfeiture order. The Supreme Court is expected to decide later this year whether to hear the case.
CME Group CEO CEO Terrence Duffy said that CFTC the CFTC's claim to regulatory authority over prediction markets constitutes overreach and that the dispute could ultimately be decided by the U.S. Supreme Court.
CME CEO's Terrence Duffy said that the CFTC claim to regulate prediction markets was "somewhat of a stretch," and that the dispute may be submitted to the U.S. Supreme Court.
