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Policy
CFTC Chief Argues 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 continue to vigorously defend its exclusive regulatory authority over prediction markets in court. Selig stated, 'Regardless of the subject matter, whether it's sports, politics, or any other topic, if a product is offered on a CFTC-regulated exchange, it falls under our …
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Agency's Sole Regulatory Control Over Prediction Markets
Commodity Futures Trading Commission Chairman Mike Selig emphasized that the agency will persist in defending its exclusive regulatory authority over prediction markets in court. According to Selig, the agency's jurisdiction applies regardless of the subject of the prediction, be it sports, politics, or any other area, as long as the product is offered within a CFTC-regulated exchange. The CFTC's…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Agency's Regulatory Authority Over Prediction Markets
Commodity Futures Trading Commission Chairman Mike Selig emphasized that the agency will continue to assert its exclusive right to regulate prediction markets. He noted that the type of event being predicted, whether sports or politics, does not affect the agency's regulatory authority over products offered on CFTC-regulated exchanges. The CFTC is currently involved in lawsuits against several st…
April 12, 2026, 6 p.m.
Policy
CFTC Chair Advocates for Agency's Regulatory Authority in Prediction Markets Dispute
Chairman of the Commodity Futures Trading Commission, Mike Selig, has stated that the agency will continue to assert its exclusive regulatory authority over prediction markets in court. According to Selig, the agency's regulatory purview encompasses any valid product offered within a CFTC-regulated exchange, regardless of the subject matter. This stance is reflected in the agency's ongoing lawsui…
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 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 regulatory purview.' The CFTC is currently engaged in…
April 12, 2026, 6 p.m.
Policy
CFTC Chairman Mike Selig Advocates for Agency's Regulatory Authority 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.' The CFTC is currently engaged in lawsuits against…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Defends Agency's Regulatory Authority Over Prediction Markets
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 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 …
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 sole regulatory authority over prediction markets in court. Selig emphasized that the nature of the prediction, whether it involves sports, politics, or other subjects, is irrelevant as long as it is a valid product offered within a CFTC-regulated exchange. The CFTC's lawsuits against s…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Agency's Sole Regulatory Power Over Prediction Markets
Commodity Futures Trading Commission Chairman Mike Selig emphasized that the agency will persist in defending its sole regulatory authority over prediction markets in court. He stated, 'Regardless of whether it pertains to sports, politics, or any other subject, if it is a valid product offered within a CFTC-regulated exchange, then it falls under our jurisdiction.' Selig's remarks were made on t…
April 12, 2026, 6 p.m.
Policy
CFTC Chairman Defends Agency's Exclusive Regulatory Authority Over Prediction Markets
The Commodity Futures Trading Commission will continue to assert its right to regulate prediction markets, according to Chairman Mike Selig. In an interview with CoinDesk, Selig stated that the agency's authority is clear, regardless of the subject matter of the predictions. The CFTC is currently engaged in lawsuits against several states, including Arizona, Illinois, and Connecticut, to establis…
April 12, 2026, 6 p.m.