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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, stressing that any product offered within a CFTC-regulated exchange falls under federal oversight, regardless of the subject matter. Selig's comments come amidst the agency's lawsuits against several states, including Ariz…
April 12, 2026, 6 p.m.
Policy
CFTC Chair Advocates 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 it's a valid product offered within a CFTC-regulated exchange, we have regulatory oversight.' The CFTC is currently engaged in l…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Advocates for Agency's Sole Regulatory Oversight in Prediction Markets Dispute
Commodity Futures Trading Commission Chairman Mike Selig emphasized that the agency will persist in defending its exclusive right to regulate prediction markets in court. Selig clarified that the CFTC's regulatory authority applies to any valid product offered within a CFTC-regulated exchange, regardless of the subject matter. The agency's lawsuits against several states aim to establish its sole…
April 12, 2026, 6 p.m.
Policy
CFTC Chairman Mike Selig 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 to oversee prediction markets in court, emphasizing that any product offered within a CFTC-regulated exchange falls under their jurisdiction, regardless of the subject matter. This stance is reinforced by a recent Third Circuit Court ruling and is central to th…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Asserts Agency's Sole Authority to Regulate Prediction Markets
In a recent 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 it's sports, politics, or other events, if a product is validly offered within a CFTC-regulated exchange, the agency has the autho…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Agency's Exclusive Authority Over Prediction Markets
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 CFTC's jurisdiction applies to any valid product offered within a CFTC-regulated exchange, regardless of the subject matter. The CFTC is currently engaged in lawsuits against several states, inclu…
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 exclusive right to regulate prediction markets. He stated, 'Regardless of the subject, whether sports or politics, if a product is validly offered on a CFTC-regulated exchange, it falls under our jurisdiction.' The CFTC's lawsuits against Arizona, Illinois, and Connecticut aim to asse…
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. He stressed 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 purview. The CFTC is currently engaged in lawsuits against several states to …
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Sole Regulatory Power Over Prediction Markets
Mike Selig, Chairman of the Commodity Futures Trading Commission, emphasized that the agency will persist in defending its exclusive right to regulate prediction markets. Selig stated, 'Regardless of the subject matter, whether it's sports or politics, if a product is lawfully offered on a CFTC-regulated exchange, it falls under our jurisdiction.' The CFTC is currently engaged in lawsuits against…
April 12, 2026, 6 p.m.
Policy
CFTC Chair Defends Agency's Authority Over Prediction Markets
Commodity Futures Trading Commission Chairman Mike Selig has reiterated the agency's commitment to defending its sole regulatory authority over prediction markets. In an interview with CoinDesk, Selig emphasized that the CFTC's jurisdiction applies to all validly offered products within a CFTC-regulated exchange, regardless of the underlying event. The agency is currently engaged in lawsuits agai…
April 12, 2026, 6 p.m.