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Policy
CFTC Chief Argues for Sole Regulatory Control Over Prediction Markets
Commodity Futures Trading Commission (CFTC) Chairman Mike Selig emphasized that the agency will persist in defending its exclusive right to regulate prediction markets through the courts. Selig stated, 'Regardless of whether it involves sports, politics, or any other subject, if it is a product offered within a CFTC-regulated exchange, we have the authority to regulate it.' The CFTC is currently …
April 12, 2026, 6 p.m.
Policy
CFTC Chairman Insists on Agency's Exclusive Authority Over Prediction Markets
The Commodity Futures Trading Commission will persist in defending its sole regulatory authority over prediction markets in court, according to Chairman Mike Selig. In an interview with CoinDesk, Selig emphasized that regardless of the subject of the prediction, whether sports, politics, or otherwise, if it is a valid product offered within a CFTC-regulated exchange, it falls under the agency's r…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Advocates for 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 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 assertion comes as the CFTC engages in lawsu…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Defends Agency's Regulatory 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 validly offered product within a CFTC-regulated exchange falls under its jurisdiction, regardless of the subject matter. This stance is being tested in lawsuits against several states, including Arizona, I…
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 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.' The CFTC is currently engaged in litigation with several …
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Regulatory Dominance in Prediction Markets Dispute
CFTC Chairman Mike Selig emphasized that his agency will persist in defending its exclusive authority to regulate prediction markets. Selig stated, 'Regardless of whether it involves sports, politics, or any other subject, if it's a valid product offered within a CFTC-regulated exchange, we have the authority to regulate it.' The CFTC is currently engaged in lawsuits against several states, inclu…
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 defending its exclusive right to regulate prediction markets through the courts. Selig emphasized that the type of event being predicted, whether sports or politics, is irrelevant as long as the product is offered within a CFTC-regulated exchange. The CFTC is involved in lawsuits against several stat…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Exclusive Regulatory Control Over Prediction Markets
Commodity Futures Trading Commission Chairman Mike Selig emphasized that his agency will persist in defending its sole regulatory authority over prediction markets. Selig noted that any product offered within a CFTC-regulated exchange falls under the agency's oversight, regardless of the subject matter. The CFTC is currently engaged in lawsuits against several states to establish its authority ov…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Agency's Sole Regulatory Control Over Prediction Markets
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 stated, 'Regardless of the subject, whether sports, politics, or otherwise, if a product is validly offered on a CFTC-regulated exchange, it falls under our regulation.' The CFTC is currently engaged in laws…
April 12, 2026, 6 p.m.
Policy
CFTC Chair Advocates for Exclusive Regulatory Authority Over Prediction Markets
The Commodity Futures Trading Commission will continue to assert its right to exclusively regulate prediction markets, Chairman Mike Selig stated. He emphasized that the agency's regulatory authority extends to any valid product offered within a CFTC-regulated exchange, regardless of the subject matter. This stance is central to the CFTC's lawsuits against several states, including Arizona, Illin…
April 12, 2026, 6 p.m.