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 in court, stating that it 'doesn't matter if it's on sports, politics or anything else, if it's a validly offered product within a CFTC-regulated exchange, then we regulate that.' The CFTC is currently engaged in lawsuits against several states, including Arizona, Illinois, and Connecticut, to establish its authority over commodity derivatives markets. Selig's comments come after a recent Third Circuit Court ruling that supported the CFTC's oversight of prediction markets. The agency is also involved in a formal rulemaking process to clarify its regulatory framework for prediction markets and is reviewing comments on its interpretative guidance with the Securities and Exchange Commission.