Commodity Futures Trading Commission Chairman Mike Selig emphasized that the agency will persist in defending its sole regulatory authority over prediction markets in court. He stated, 'Regardless of whether it pertains to sports, politics, or any other subject, if it is a valid product offered within a CFTC-regulated exchange, then it falls under our jurisdiction.' Selig's remarks were made on the sidelines of the Digital Assets and Emerging Tech Policy Summit, where he underscored the CFTC's commitment to its regulatory oversight in the face of state-level challenges.