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Policy
CFTC Chief Insists on Agency's Regulatory Supremacy in Prediction Markets Dispute
According to Commodity Futures Trading Commission Chairman Mike Selig, the agency will persist in defending its exclusive right to regulate prediction markets in court. Selig emphasized that the type of event being predicted is irrelevant, stating, "If it's a validly offered product within a CFTC-regulated exchange, then we regulate that." This stance is part of the agency's broader effort to est…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Advocates for Agency's Regulatory Supremacy in Prediction Markets Dispute
Commodity Futures Trading Commission Chairman Mike Selig emphasized to CoinDesk that the agency will persist in defending its sole regulatory authority over prediction markets in court. Selig stated, "Regardless of the subject, whether sports, politics, or otherwise, if a product is validly offered within a CFTC-regulated exchange, it falls under our jurisdiction." The CFTC is currently engaged i…
April 12, 2026, 6 p.m.
Policy
CFTC Chairman Advocates for Agency's Regulatory Authority Over Prediction Markets
The Commodity Futures Trading Commission will persist in defending its right to regulate prediction markets, according to Chairman Mike Selig. In an interview with CoinDesk, Selig asserted that the agency's authority is not limited by the subject of the prediction, whether it be sports, politics, or other areas, as long as the product is offered within a CFTC-regulated exchange. The CFTC is curre…
April 12, 2026, 6 p.m.
Policy
CFTC Chairman Argues for Agency's Regulatory Authority in Prediction Markets Dispute
The Commodity Futures Trading Commission will persist in defending its exclusive right to regulate prediction markets, according to Chairman Mike Selig. In an interview with CoinDesk, Selig stated, 'Regardless of the subject, whether it's sports or politics, if the product is validly offered within a CFTC-regulated exchange, we have the authority to regulate it.' The CFTC is currently engaged in …
April 12, 2026, 6 p.m.
Policy
CFTC Chair Advocates for Agency's Regulatory Authority Over Prediction Markets
CFTC Chairman Mike Selig emphasized that the agency will persist in defending its exclusive right to regulate prediction markets. He clarified that any product offered within a CFTC-regulated exchange falls under the agency's jurisdiction, regardless of the subject matter. Selig's comments came on the sidelines of the Digital Assets and Emerging Tech Policy Summit, where he underscored the CFTC's…
April 12, 2026, 6 p.m.
Policy
CFTC Chairman Advocates for Exclusive Regulatory Oversight of Prediction Markets
Commodity Futures Trading Commission (CFTC) Chairman Mike Selig reaffirmed the agency's commitment to defending its 'exclusive regulatory authority' over prediction markets in court. According to Selig, the CFTC's regulatory scope encompasses any valid product offered within a CFTC-regulated exchange, regardless of the subject matter. This stance is central to the agency's lawsuits against severa…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Advocates for Exclusive Regulatory Oversight in Prediction Markets Dispute
Commodity Futures Trading Commission Chairman Mike Selig emphasized that the agency will persist in defending its sole regulatory authority over prediction markets in court. Selig stated, 'Regardless of the subject, whether it's sports, politics, or any other topic, if it's a valid product offered within a CFTC-regulated exchange, we have the authority to regulate it.' The CFTC is currently engag…
April 12, 2026, 6 p.m.
Policy
CFTC Chairman Mike Selig Advocates for Agency's Regulatory Authority Over Prediction Markets
Commodity Futures Trading Commission Chairman Mike Selig emphasized the agency's commitment to upholding its 'exclusive regulatory authority' over prediction markets in court. Selig stated, 'Regardless of the subject matter, whether it's sports or politics, if a product is validly offered within a CFTC-regulated exchange, it falls under our regulatory purview.' The CFTC is currently engaged in la…
April 12, 2026, 6 p.m.
Policy
CFTC Chairman Advocates for Agency's Regulatory Authority Over Prediction Markets
The Commodity Futures Trading Commission's Chairman, Mike Selig, emphasized the agency's commitment to defending its exclusive regulatory authority over prediction markets. Selig stated that the CFTC's oversight applies to all valid products offered within a CFTC-regulated exchange, regardless of the subject matter. The agency's lawsuits against several states aim to cement its authority in this …
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Agency's Sole Regulatory Power Over Prediction Markets
In a recent statement to CoinDesk, Commodity Futures Trading Commission (CFTC) Chairman Mike Selig emphasized the agency's commitment to defending its 'exclusive regulatory authority' over prediction markets in court. According to Selig, the nature of the prediction, whether it involves sports, politics, or other areas, is irrelevant as long as it is a valid product offered within a CFTC-regulate…
April 12, 2026, 6 p.m.