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Apr 12, 2026

CFTC Chair Asserts Exclusive Regulatory Authority Over Prediction Markets

CFTC Chair Mike Selig argued that states lack authority to police prediction market providers, echoing the agency's stance in ongoing court cases to cement its exclusive jurisdiction over the sector.

Apr 12, 2026·2 sources
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Top claims

  • ▪The CFTC and SEC published a final interpretation on digital asset classification in March 2026.
  • ▪Mike Selig stated that the CFTC and SEC guidance established clear lines drawn in the statute to distinguish between commodities and securities.
  • ▪Mike Selig stated that under the Dodd-Frank Act, the CFTC decides whether a product is contrary to the public interest.

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Crypto regulatory agenciesCrypto market regulation

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