CFTC Chief Sides with Prediction Markets over State Regulators in a High Stakes Court Case

CFTC chief sides with prediction markets over state regulators in a high stakes court case

The Commodity Futures Trading Commission (CFTC) stepped into the legal battle over how prediction markets should be regulated

CFTC Chairman Joins Battle Over Prediction Markets, Promising To Protect Companies That Employ Donald Trump Jr. From State-Level Legal Challenges

The commission’s decision to side with the prediction markets comes after two of the largest firms brought the president’s own son into the fold.

Federal regulator threatens explosive showdown with states over billion-dollar betting platforms

Siding with a large platform against state gaming regulators attempting to shut it down, the U.S. commodities watchdog has entered a heated court battle about who actually has the authority to control prediction markets. The Commodity Futures Trading Commission supported Crypto.com in its dispute with the Nevada Gaming Control Board by submitting court documents to the Ninth U.S. Circuit Court of Appeals on Tuesday. Lawyers for the federal gover…

Prediction-Market Battle Heats Up

With the CFTC chairman's announcement, the stage is set for an eventual Supreme Court battle over sports event contracts.

'See You in Court': CFTC Chair Defends Jurisdiction as States Fight Prediction Markets

CFTC Chairman Michael Selig hit back at states that have been challenging its authority to regulate prediction markets.

CFTC Chairman Defends Federal Oversight of Prediction Markets Amid State Legal Battles

U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig has forcefully defended federal authority over prediction markets such as Polymarket and Kalshi, pushing back against state-level legal challenges targeting event-contract platforms. In a video statement posted on X, Selig warned that the CFTC would take legal action against states attempting to regulate what he described as federally overseen derivatives markets. Selig emphasi…