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Policy
CFTC Chairman Mike Selig Asserts Agency's Sole Regulatory Authority Over Prediction Markets
CFTC Chairman Mike Selig stated that the agency will persist in defending its exclusive right to regulate prediction markets in court, emphasizing that any product offered within a CFTC-regulated exchange falls under the agency's jurisdiction, regardless of the subject matter. The CFTC's lawsuits against Arizona, Illinois, and Connecticut aim to establish its authority over commodity derivatives …
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 sole regulatory authority over prediction markets in court. Selig emphasized that the type of event being predicted is irrelevant, stating that if a product is validly offered within a CFTC-regulated exchange, it falls under the agency's regulatory purview. The CFTC is currently engaged…
April 12, 2026, 6 p.m.
Policy
CFTC Chairman Mike Selig Advocates for Agency's Regulatory Supremacy in Prediction Markets Dispute
Commodity Futures Trading Commission 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, politics, or any other topic, if the product is validly offered within a CFTC-regulated exchange, then it falls under our regulatory purview.' The CFTC is cu…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Agency's Sole Regulatory Power Over Prediction Markets
Commodity Futures Trading Commission (CFTC) Chairman Mike Selig stated that the agency will persist in defending its exclusive right to regulate prediction markets in court. According to Selig, the CFTC's authority applies regardless of the subject of the prediction, whether it be sports, politics, or other areas, as long as the product is validly offered within a CFTC-regulated exchange. The CFT…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Advocates 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 '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 establish its authority over commodi…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Advocates for Agency's Regulatory Control Over Prediction Markets
Commodity Futures Trading Commission Chairman Mike Selig emphasized that the agency will continue to defend its exclusive right to regulate prediction markets. Selig stated, 'Regardless of the subject matter, whether it's sports, politics, or other areas, if a product is validly offered within a CFTC-regulated exchange, it falls under our regulatory purview.' The CFTC is currently engaged in laws…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Advocates for Agency's Sole Regulatory Power Over Prediction Markets
The Commodity Futures Trading Commission will persist in its defense of 'exclusive regulatory authority' to oversee prediction markets, according to Chairman Mike Selig. He emphasized that 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. Selig's remarks come…
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, whether sports or politics, is irrelevant if the product is offered within a CFTC-regulated exchange. The CFTC's lawsuits against Arizona, Illinois, and Con…
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 continue to assert its sole regulatory authority over prediction markets in court. "Regardless of the subject, whether sports or politics, if a product is offered on a CFTC-regulated exchange, it falls under our jurisdiction," Selig stated. The CFTC is currently engaged in lawsuits against several states, inclu…
April 12, 2026, 6 p.m.
Policy
CFTC Chairman Asserts Agency's Exclusive Authority Over Prediction Markets
Commodity Futures Trading Commission (CFTC) Chairman Mike Selig emphasized that the agency will continue to defend its sole 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 its authority over commodity …
April 12, 2026, 6 p.m.