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Policy
CFTC Chief Argues for Agency's Sole Authority Over Prediction Markets
In a recent statement to CoinDesk, Commodity Futures Trading Commission Chairman Mike Selig emphasized the agency's commitment to defending its exclusive regulatory authority over prediction markets in court. Selig underscored that the nature of the prediction, whether related to sports, politics, or other areas, does not affect the agency's oversight as long as the product is validly offered wit…
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 sole regulatory authority over prediction markets, according to Chairman Mike Selig. In an interview with CoinDesk, Selig emphasized that the agency's jurisdiction applies to any valid product offered within a CFTC-regulated exchange, regardless of the subject matter. The CFTC is currently engaged in litigation against several…
April 12, 2026, 6 p.m.
Policy
CFTC Chairman Insists on Agency's Sole Authority to Regulate Prediction Markets
Chairman of the Commodity Futures Trading Commission, Mike Selig, has reiterated the agency's commitment to defending its exclusive right to oversee prediction markets in court. Selig stated 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 clarify its au…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Mike Selig Advocates for Agency's Regulatory Supremacy in Prediction Markets Dispute
In a statement to CoinDesk, Commodity Futures Trading Commission Chairman Mike Selig emphasized the agency's commitment to defending its 'exclusive regulatory authority' over prediction markets in court. Selig clarified that the CFTC's jurisdiction applies to any validly offered product within a CFTC-regulated exchange, regardless of the underlying event. The agency's lawsuits against Arizona, Il…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Defends Agency's Regulatory Authority Over Prediction Markets
In an interview with CoinDesk, Commodity Futures Trading Commission Chairman Mike Selig emphasized the agency's commitment to upholding its 'exclusive regulatory authority' over prediction markets. Selig stated that the CFTC will continue to regulate these markets, regardless of the subject matter, as long as they are offered within a CFTC-regulated exchange. He pointed out that the agency's laws…
April 12, 2026, 6 p.m.
Policy
CFTC Chair Defends Agency's Regulatory Authority Over Prediction Markets
The Commodity Futures Trading Commission will continue to assert its regulatory authority over prediction markets, according to Chairman Mike Selig. In an interview with CoinDesk, Selig emphasized that the agency's authority applies to all validly offered products within CFTC-regulated exchanges, regardless of the underlying event. The CFTC is currently engaged in lawsuits against several states,…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Argues for Agency's Sole 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 valid product offered within a CFTC-regulated exchange falls under federal regulation, regardless of the subject matter. The CFTC is currently engaged in lawsuits against several states, including Arizon…
April 12, 2026, 6 p.m.
Policy
CFTC Chief Defends Agency's Authority Over Prediction Markets
The Commodity Futures Trading Commission (CFTC) will continue to assert its authority to regulate prediction markets, according to Chairman Mike Selig. In an interview with CoinDesk, Selig stated that the agency's lawsuits against several states are aimed at establishing its "exclusive regulatory authority" over these markets. Selig emphasized that the CFTC's role is clear, regardless of the type…
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 regulatory authority over prediction markets in court. 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 Chief Argues for Agency's Sole Regulatory Power Over Prediction Markets
According to Commodity Futures Trading Commission Chairman Mike Selig, the agency is committed to upholding its 'exclusive regulatory authority' over prediction markets through court proceedings. Selig stated, 'Regardless of the subject matter, whether it's sports, politics, or anything else, if it's a valid product offered within a CFTC-regulated exchange, then it falls under our regulatory purv…
April 12, 2026, 6 p.m.