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Policy
CFTC Chief Argues for Sole Authority Over Prediction Markets
According to Commodity Futures Trading Commission Chairman Mike Selig, the agency will continue to defend its exclusive right to regulate prediction markets in court, asserting that it is the sole authority regardless of the market's focus, whether on sports, politics, or other areas, as long as the product is offered within a CFTC-regulated exchange. Selig's remarks were made on the sidelines of…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues 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 sole regulatory authority over prediction markets in court. According to Selig, the agency's regulatory purview encompasses any product offered within a CFTC-regulated exchange, regardless of the underlying event. The chairman's remarks come as the CFTC engages in litigation against s…
April 12, 2026, 6 p.m.
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 the subject, whether it's sports, politics, or anything else, if a product is validly offered within a CFTC-regulated exchange, it falls under our regulatory oversight.' The CFTC is …
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 through the courts. Selig noted, 'Regardless of whether it pertains to sports, politics, or any other subject, if the product is validly offered within a CFTC-regulated exchange, then it falls under our regulatory purview.' The C…
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 his agency will continue to assert its 'exclusive regulatory authority' over prediction markets in court, stressing that any product offered within a CFTC-regulated exchange falls under federal oversight, regardless of the subject matter. Speaking at the Digital Assets and Emerging Tech Policy Summit, Selig stated that the C…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Advocates for Agency's Sole Regulatory Control Over Prediction Markets
The Chairman of the Commodity Futures Trading Commission, Mike Selig, stated that 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, as long as the product is offered within a CFTC-regulated exchange, it falls under the agency's regulatory purview. The CFTC's lawsuits against seve…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues 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 sole regulatory authority over prediction markets in court, stressing that any valid product offered within a CFTC-regulated exchange falls under federal oversight, regardless of the subject matter. Selig's remarks were made on the sidelines of the Digital Assets and Emerging Tech Pol…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Sole Regulatory Oversight in Prediction Markets Dispute
In an interview with CoinDesk, Commodity Futures Trading Commission 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, any product offered within a CFTC-regulated exchange falls under the agency's regulatory purview. The CFTC is c…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Advocates for Agency's Sole Authority in Regulating 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. Selig stated, 'Regardless of the subject, whether it's sports or politics, if a product is validly offered within a CFTC-regulated exchange, we have the authority to regulate it.' The CFTC is currently engaged in litigat…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Sole Regulatory Control Over Prediction Markets
The Commodity Futures Trading Commission will persist in defending its exclusive authority to regulate prediction markets, according to Chairman Mike Selig. In an interview with CoinDesk, Selig emphasized that the agency's regulatory oversight applies to all valid products offered within CFTC-regulated exchanges, regardless of the subject matter. The CFTC is currently engaged in lawsuits against …
April 12, 2026, 6 p.m.