CFTC Official Says States Cannot Police Prediction Market Providers

CFTC Chair Mike Selig said the agency will continue defending in court what he described as its exclusive regulatory authority over prediction markets. Speaking at Vanderbilt University’s Digital Assets Summit, Selig said products legally offered on CFTC-regulated exchanges fall within the agency’s remit. He also referenced final interpretive guidance issued last month by the CFTC and SEC covering tokenized securities and related assets, linking the prediction market dispute to broader federal digital asset oversight.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.