• CFTC’s Selig opens legal dispute against states getting in way of prediction markets Commodity Futures Trading Commission Chairman Mike Selig fired a legal warning shot defending his agency’s jurisdiction over the event contract space. • Commodity Futures Trading Commission Chairman Mike Selig directed his agency to file an amicus brief declaring his federal agency has authority over the U.S. • Though the CFTC once fought a legal resistance against such firms as Polymarket and Kalshi, the agency has embraced them during the administration of President Donald Trump, whose son has worked as a paid adviser for the leading companies. • As Selig defends his agency’s jurisdiction in court, he’s also pursuing new prediction markets rules for the U.S. • The legal challenges from state governments against certain aspects of prediction markets such as Polymarket and Kalshi received a sharp rebuke from U.S. • Commodity Futures Trading Commission Chairman Mike Selig, who is arguing that his federal agency has jurisdiction - not the states.

Article Summaries:

  • CFTC’s Selig opens legal dispute against states getting in way of prediction markets Commodity Futures Trading Commission Chairman Mike Selig fired a legal warning shot defending his agency’s jurisdiction over the event contract space. What to know: - U.S. Commodity Futures Trading Commission Chairman Mike Selig directed his agency to file an amicus brief declaring his federal agency has authority over the U.S. prediction markets. - Though the CFTC once fought a legal resistance against such firms as Polymarket and Kalshi, the agency has embraced them during the administration of President Don

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