Travis McGhee, an executive at Crypto.com, expressed confidence that U.S. courts will affirm the Commodity Futures Trading Commission's authority over prediction markets. He highlighted how these markets outperformed traditional polling during the 2024 U.S. election.
In an interview published on November 27, 2025, Travis McGhee from Crypto.com discussed the regulatory landscape for prediction markets. McGhee stated that he is confident courts will uphold the CFTC's jurisdiction in this area, emphasizing the growing role of such platforms in providing accurate forecasts.
McGhee pointed to the 2024 U.S. election as evidence of prediction markets' superiority over traditional polling methods. These markets, which allow users to bet on event outcomes, demonstrated greater reliability in capturing public sentiment and predicting results compared to conventional surveys.
The discussion underscores ongoing debates about regulating crypto-related financial instruments. While prediction markets have gained traction for their predictive power, their classification under CFTC oversight remains a point of contention in legal circles. McGhee's comments reflect optimism within the industry that judicial rulings will support this regulatory framework, potentially stabilizing innovation in the sector.