News Explorer — CFTC Asserts Exclusive Authority to Regulate Prediction Markets as States Take Legal Action

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Apr 12, 6:00 pm

Coindesk

CFTC Asserts Exclusive Authority to Regulate Prediction Markets as States Take Legal Action

CFTC Chairman Mike Selig emphasized the agency's exclusive regulatory authority over prediction markets, stating that they regulate valid products within CFTC-regulated exchanges. The agency's lawsuits against certain states aim to establish federal oversight in commodity derivatives markets.

CFTC Chairman Mike Selig emphasized the agency's exclusive regulatory authority over prediction markets, stating that they regulate valid products within CFTC-regulated exchanges. The agency's lawsuits against certain states aim to establish federal oversight in commodity derivatives markets.

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