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Policy
CFTC Chief Argues for Sole Regulatory Control Over Prediction Markets
According to Commodity Futures Trading Commission Chairman Mike Selig, the agency is committed to upholding its 'exclusive regulatory authority' over prediction markets in court. Selig emphasized that regardless of the subject matter, whether sports, politics, or other areas, if a product is validly offered within a CFTC-regulated exchange, it falls under the agency's regulatory purview. The CFTC…
April 12, 2026, 6 p.m.
Policy
CFTC Chair Defends Agency's Authority in Prediction Markets Dispute
Commodity Futures Trading Commission (CFTC) Chairman Mike Selig emphasized that the agency will continue to assert its 'exclusive regulatory authority' over prediction markets in court. According to Selig, the CFTC's jurisdiction applies to any valid product offered within a CFTC-regulated exchange, regardless of the subject matter. The agency's lawsuits against Arizona, Illinois, and Connecticut…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Agency's Regulatory Supremacy in Prediction Markets Dispute
Commodity Futures Trading Commission (CFTC) Chairman Mike Selig emphasized that the agency will continue to assert its 'exclusive regulatory authority' over prediction markets in court, stating that 'if it's a validly offered product within a CFTC-regulated exchange, then we regulate that,' regardless of the subject matter. The CFTC's lawsuits against Arizona, Illinois, and Connecticut aim to est…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Advocates for Agency's Regulatory Supremacy in Prediction Markets Dispute
In an interview with CoinDesk, Commodity Futures Trading Commission (CFTC) Chairman Mike Selig emphasized that the agency will persist in defending its exclusive regulatory authority over prediction markets in court. Selig stated, 'Regardless of the subject, whether it's sports or politics, if a product is validly offered within a CFTC-regulated exchange, then it falls under our jurisdiction.' Th…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Agency's Regulatory Supremacy in Prediction Markets Dispute
The Commodity Futures Trading Commission will persist in defending its exclusive right to regulate prediction markets, Chairman Mike Selig stated. He emphasized that the agency's regulatory authority applies to all valid products offered within CFTC-regulated exchanges, regardless of the subject matter. The CFTC is currently engaged in lawsuits against several states, asserting its authority over…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Sole Authority Over Prediction Markets
Commodity Futures Trading Commission Chairman Mike Selig emphasized that the agency will continue to assert its 'exclusive regulatory authority' over prediction markets in court, stating that any valid product offered within a CFTC-regulated exchange falls under their jurisdiction, regardless of the subject matter. The CFTC is currently engaged in lawsuits against several states, including Arizon…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Defends Agency's Regulatory Authority Over Prediction Markets
According to Commodity Futures Trading Commission Chairman Mike Selig, the agency will persist in its defense of 'exclusive regulatory authority' to oversee 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.' The CFTC is currently engaged in lawsuit…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Advocates for Agency's Sole Regulatory Power Over Prediction Markets
According to Commodity Futures Trading Commission Chairman Mike Selig, the agency will persist in defending its exclusive right to regulate prediction markets through the courts. Selig noted, "Regardless of the subject, whether sports, politics, or otherwise, if a product is validly offered within a CFTC-regulated exchange, it falls under our regulatory purview." The CFTC is currently engaged in …
April 12, 2026, 6 p.m.
Policy
CFTC Chief Defends Agency's Regulatory Authority Over Prediction Markets
According to Commodity Futures Trading Commission Chairman Mike Selig, the agency will continue to assert its exclusive right to regulate prediction markets. Selig emphasized that the CFTC's authority applies to any valid product offered within a CFTC-regulated exchange, regardless of the underlying event. The chairman's comments come as the CFTC engages in lawsuits against several states to esta…
April 12, 2026, 6 p.m.
Policy
CFTC Chair Advocates for Agency's Sole Regulatory Control 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 stated, "Regardless of the subject matter, whether it's sports, politics, or anything else, 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.