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Policy
CFTC Chairman Mike Selig 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. Selig stated, 'Regardless of the subject, 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's lawsuits against Arizona, Illinois, and Connecticut aim to solidify its autho…
April 12, 2026, 6 p.m.
Policy
CFTC Chair Defends Agency's Regulatory Authority Over Prediction Markets
CFTC Chairman Mike Selig emphasized that the agency will continue to assert its exclusive regulatory authority over prediction markets in court, stating that any product offered within a CFTC-regulated exchange falls under federal regulation, regardless of the subject matter. The CFTC's lawsuits against several states aim to solidify this authority, with Selig citing a recent Third Circuit Court …
April 12, 2026, 6 p.m.
Policy
CFTC Chair Defends Agency's Regulatory Authority Over Prediction Markets
The Commodity Futures Trading Commission (CFTC) will continue to assert its right to oversee prediction markets, according to Chairman Mike Selig. In an interview with CoinDesk, Selig stated that regardless of the subject matter, whether it's sports, politics, or other areas, if a product is offered within a CFTC-regulated exchange, it falls under the agency's regulatory authority. This stance is…
April 12, 2026, 6 p.m.
Policy
CFTC Chair Defends Agency's Regulatory Authority Over Prediction Markets
The Commodity Futures Trading Commission (CFTC) will continue to assert its 'exclusive regulatory authority' over prediction markets in court, according to Chairman Mike Selig. In an interview with CoinDesk, Selig emphasized that the agency's jurisdiction applies to any valid product offered within a CFTC-regulated exchange, regardless of the underlying event. The CFTC is currently engaged in law…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Sole Regulatory Control Over Prediction Markets
According to Commodity Futures Trading Commission Chairman Mike Selig, the agency will persist in its defense of 'exclusive regulatory authority' over 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 central to the CFTC's lawsuits …
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for 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 regulatory authority' over prediction markets in court. Selig stated, 'Regardless of the subject, whether it's sports, politics, or anything else, if it's a legitimate product offered within a CFTC-regulated exchange, we have the authority to regulate it.' The CFTC is current…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Advocates for 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 regulatory authority over prediction markets in court. Selig stated, 'Regardless of the subject matter, be it 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 lawsuits…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Defends Agency's Regulatory Authority Over Prediction Markets
The Commodity Futures Trading Commission will continue to assert its regulatory authority over prediction markets, Chairman Mike Selig stated. He emphasized that the agency's oversight applies to any valid product offered within a CFTC-regulated exchange, regardless of the subject matter. Selig's comments come as the CFTC engages in lawsuits against several states to solidify its authority in thi…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Sole Regulatory Oversight of Prediction Markets
In an interview with CoinDesk, Commodity Futures Trading Commission (CFTC) Chairman Mike Selig emphasized the agency's commitment to defending its exclusive regulatory authority over prediction markets. Selig stated that regardless of the subject matter, whether sports, politics, or otherwise, if a product is offered within a CFTC-regulated exchange, it falls under the agency's regulatory purview…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Asserts Agency's Sole Authority Over Prediction Markets
In an interview with CoinDesk, 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. Selig noted that the type of event being predicted, whether sports, politics, or otherwise, does not affect the CFTC's jurisdiction as long as the product is offered within a CFTC-re…
April 12, 2026, 6 p.m.